Charles Komar & Sons, Inc. 401(k) Review & Grade
Charles Komar & Sons, Inc. 401(k) Plan
Jersey City, NJOther Services652 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,335Employer $ per active participant
$7,011Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$96.3MNet plan assets, end of year
$107,207Average balance per account
Score breakdown
- Employer generosity41.6 / 5083th percentile for employer $ per participant
- Low cost16.5 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 66th |
| Employee saving | 86th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Charles Komar & Sons put in about $3,335 per active participant, more than the typical peer ($1,257). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $2,174,163 |
| Participant (employee) contributions | $4,571,063 |
| Other contributions (incl. rollovers in) | $819,128 |
| Administrative expenses paid from the plan | $122,412 |
| Investment advisory & management fees | $59,749 |
| Benefits paid out | $4,358,639 |
| Net assets, start / end of year | $82.6M / $96.3M |
| Active participants, start / end of year | 655 / 649 |
| Participants with account balances | 898 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $62,663 reported compensation |
| RBC Wealth Management | $59,749 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250825154644NAL0007778529001, received 2025-08-25, EIN 13-5661752, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.