Auditboard, Inc. 401(k) Review & Grade
Auditboard, Inc. 401(k) Plan
Cerritos, CAProfessional, Scientific & Technical Services673 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,775Employer $ per active participant
$14,125Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$41.4MNet plan assets, end of year
$58,737Average balance per account
Score breakdown
- Employer generosity15.5 / 5031th percentile for employer $ per participant
- Low cost6.1 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 24th |
| Employee saving | 85th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,045 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $4,247 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Auditboard put in about $1,775 per active participant, below the typical peer ($3,082). 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 (0.48% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,194,505 |
| Participant (employee) contributions | $9,505,930 |
| Other contributions (incl. rollovers in) | $3,755,131 |
| Administrative expenses paid from the plan | $159,267 |
| Investment advisory & management fees | $90,330 |
| Benefits paid out | $2,747,070 |
| Net assets, start / end of year | $24.9M / $41.4M |
| Active participants, start / end of year | 642 / 704 |
| Participants with account balances | 704 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| The Baldwin Group Wealth Advisors | $74,254 reported compensation |
| Fidelity Investments Institutional | $68,937 reported compensation |
| Strategic Advisors, Inc. | $16,077 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010193300NAL0004881747001, received 2025-10-10, EIN 47-1299245, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.