Coalfire Systems, Inc. 401(k) Review & Grade
Coalfire Systems, Inc. 401(k) Plan
Chicago, ILProfessional, Scientific & Technical Services964 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,561Employer $ per active participant
$10,294Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$111.7MNet plan assets, end of year
$94,888Average balance per account
Score breakdown
- Employer generosity29.3 / 5059th percentile for employer $ per participant
- Low cost18.4 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 73th |
| Employee saving | 62th |
| 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 ($387,855 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $1,202 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Coalfire Systems put in about $3,561 per active participant, more than the typical peer ($3,082). 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.
- 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 | $3,431,235 |
| Participant (employee) contributions | $9,918,407 |
| Other contributions (incl. rollovers in) | $2,570,769 |
| Administrative expenses paid from the plan | $105,843 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $18,080 |
| Benefits paid out | $15,868,657 |
| Net assets, start / end of year | $95.4M / $111.7M |
| Active participants, start / end of year | 976 / 951 |
| Participants with account balances | 1,177 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brock and Company Cpas P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $79,273 reported compensation |
| Cook Street Consulting, Inc | $18,080 reported compensation |
| Brock and Company | $8,490 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014130713NAL0006079234001, received 2025-10-14, EIN 84-1600418, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.