Cogir Management USA, Inc. 401(k) Review & Grade
Cogir Management USA, Inc. 401(k) Plan and Trust
Scottsdale, AZHealth Care & Social Assistance3,235 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$283Employer $ per active participant
$1,356Employee $ saved per active participant
1.23%Direct admin cost, % of plan assets
$16.0MNet plan assets, end of year
$5,116Average balance per account
Score breakdown
- Employer generosity17.8 / 5036th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 3th |
| Employee saving | 33th |
| Peers that auto-enroll | 38% |
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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 ($45,258 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $70,514 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cogir Management USA put in about $283 per active participant, below the typical peer ($800). 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 (1.23% of assets) are well above similar-size plans (0.12%). 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 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 | $914,745 |
| Participant (employee) contributions | $4,386,787 |
| Other contributions (incl. rollovers in) | $359,706 |
| Administrative expenses paid from the plan | $131,295 |
| Investment advisory & management fees | $8,428 |
| Benefits paid out | $1,516,230 |
| Net assets, start / end of year | $5.4M / $16.0M |
| Active participants, start / end of year | 3,191 / 3,279 |
| Participants with account balances | 3,118 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PW Partners LLC |
Largest service providers (Schedule C)
| Adp, Inc. | $118,128 reported compensation |
| Mma Securities LLC | $8,428 reported compensation |
| Empower Annuity Insurance Company O | $4,739 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008145417NAL0009649504001, received 2025-10-08, EIN 35-2639482, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.