Coffman Engineers, Inc. 401(k) Review & Grade
Coffman Engineers, Inc. Salary Deferral Profit Sharing Plan and Trust
Seattle, WAProfessional, Scientific & Technical Services849 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,704Employer $ per active participant
$11,745Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$207.1MNet plan assets, end of year
$201,070Average balance per account
Score breakdown
- Employer generosity35.7 / 5071th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 97th |
| Employee saving | 72th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Coffman Engineers put in about $4,704 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,993,887 |
| Participant (employee) contributions | $9,971,618 |
| Other contributions (incl. rollovers in) | $8,741,009 |
| Administrative expenses paid from the plan | $26,605 |
| Contract administrator fees | $6,130 |
| Benefits paid out | $9,544,907 |
| Net assets, start / end of year | $169.2M / $207.1M |
| Active participants, start / end of year | 854 / 844 |
| Participants with account balances | 1,030 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Moss Adams | $20,475 reported compensation |
| Principal Life Insurance Company | $6,130 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007150725NAL0008389568001, received 2025-10-07, EIN 91-1053429, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.