Cogeco US Finance, LLC 401(k) Review & Grade
Breezeline 401(k) Plan
Quincy, MAInformation1,425 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,483Employer $ per active participant
$4,645Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$94.0MNet plan assets, end of year
$59,126Average balance per account
Score breakdown
- Employer generosity12.9 / 5026th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 36th |
| Employee saving | 17th |
| Peers that auto-enroll | 59% |
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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
- Cogeco US Finance put in about $1,483 per active participant, below the typical peer ($2,829). 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.
- 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 | $2,113,519 |
| Participant (employee) contributions | $6,618,803 |
| Other contributions (incl. rollovers in) | $654,254 |
| Administrative expenses paid from the plan | $308,951 |
| Contract administrator fees | $308,951 |
| Benefits paid out | $14,038,203 |
| Net assets, start / end of year | $87.6M / $94.0M |
| Active participants, start / end of year | 1,593 / 1,257 |
| Participants with account balances | 1,589 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Lincoln National Corporation | $308,952 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007161332NAL0005038609001, received 2025-10-07, EIN 20-0226936, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.