Cafua Management Company LLC 401(k) Review & Grade
Cafua Management 401(k) Savings Plan
Methuen, MARetail Trade634 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$316Employer $ per active participant
$1,170Employee $ saved per active participant
0.76%Direct admin cost, % of plan assets
$6.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.2 / 5024th percentile for employer $ per participant
- Low cost2.8 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score5 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 11th |
| Employee saving | 19th |
| 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 ($302 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,661 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cafua Management Company put in about $316 per active participant, below the typical peer ($743). 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 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 | $200,354 |
| Participant (employee) contributions | $741,436 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $46,470 |
| Contract administrator fees | $6,487 |
| Other admin expenses | $39,983 |
| Benefits paid out | $544,543 |
| Net assets, start / end of year | $5.6M / $6.7M |
| Active participants, start / end of year | 640 / 627 |
| Participants with account balances | 280 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wolf & Company, P.C. |
Largest service providers (Schedule C)
| Adp, Inc. | $27,283 reported compensation |
| CWM, LLC | $12,593 reported compensation |
| The Hays Financial Group, LLC | $6,593 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015222144NAL0011721874001, received 2025-10-15, EIN 04-3554864, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.