CL Enterprises, LLC 401(k) Review & Grade
CL Enterprises 401(k) Plan
Peru, ILManagement of Companies524 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,427Employer $ per active participant
$2,234Employee $ saved per active participant
0.78%Direct admin cost, % of plan assets
$8.1MNet plan assets, end of year
$10,901Average balance per account
Score breakdown
- Employer generosity14.0 / 5028th percentile for employer $ per participant
- Low cost2.6 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 10th |
| Employee saving | 16th |
| Peers that auto-enroll | 58% |
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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 ($9,482 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- CL Enterprises put in about $1,427 per active participant, below the typical peer ($2,492). 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 (0.78% 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.
- 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 | $746,773 |
| Participant (employee) contributions | $1,169,652 |
| Other contributions (incl. rollovers in) | $99,491 |
| Administrative expenses paid from the plan | $55,587 |
| Contract administrator fees | $5,910 |
| Investment advisory & management fees | $22,913 |
| Benefits paid out | $817,876 |
| Net assets, start / end of year | $6.1M / $8.1M |
| Active participants, start / end of year | 492 / 555 |
| Participants with account balances | 740 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cassell Plan Audits, P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co | $28,964 reported compensation |
| Faircourt Partners LLC | $15,644 reported compensation |
| Empower Advisory Group, LLC | $7,269 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925135604NAL0009259024001, received 2025-09-25, EIN 46-4384209, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.