Appleone, Inc. 401(k) Review & Grade
The Act 1 Group of Companies 401(k) Plan for Hourly Associates
Glendale, CAAdministrative, Support & Staffing Services550 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$113Employer $ per active participant
$8,674Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$32.6MNet plan assets, end of year
$18,400Average balance per account
Score breakdown
- Employer generosity10.3 / 5020th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 40th |
| Employee saving | 93th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Appleone put in about $113 per active participant, below the typical peer ($712). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $62,250 |
| Participant (employee) contributions | $4,774,795 |
| Other contributions (incl. rollovers in) | $622,310 |
| Administrative expenses paid from the plan | $93,475 |
| Investment advisory & management fees | $25,915 |
| Other admin expenses | $6,206 |
| Benefits paid out | $5,688,248 |
| Net assets, start / end of year | $28.9M / $32.6M |
| Active participants, start / end of year | 529 / 572 |
| Participants with account balances | 1,770 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | BPM LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $48,354 reported compensation |
| NFP Retirement Inc | $25,915 reported compensation |
| Bollus Lynch LLP | $13,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014165558NAL0003337201001, received 2025-10-14, EIN 95-2580864, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.