Anderson Columbia Co., Inc. 401(k) Review & Grade
Anderson Columbia Co., Inc. 401(k) Salary Reduction Plan
Lake City, FLConstruction1,280 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,350Employer $ per active participant
$2,753Employee $ saved per active participant
0.76%Direct admin cost, % of plan assets
$44.3MNet plan assets, end of year
$30,853Average balance per account
Score breakdown
- Employer generosity20.9 / 5042th percentile for employer $ per participant
- Low cost2.8 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 11th |
| Employee saving | 34th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,603 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Anderson Columbia Co. put in about $1,350 per active participant, below the typical peer ($1,672). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.76% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,729,066 |
| Participant (employee) contributions | $3,525,141 |
| Other contributions (incl. rollovers in) | $55,440 |
| Administrative expenses paid from the plan | $315,435 |
| Investment advisory & management fees | $153,840 |
| Benefits paid out | $3,846,880 |
| Net assets, start / end of year | $38.5M / $44.3M |
| Active participants, start / end of year | 1,320 / 1,241 |
| Participants with account balances | 1,437 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $161,595 reported compensation |
| Morgan Stanley | $103,765 reported compensation |
| Empower Advisory Group, LLC | $50,075 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007095348NAL0002361027001, received 2025-10-07, EIN 59-2871935, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.