Colony Hardware Corp. 401(k) Review & Grade
Colony Hardware Corp 401(k) Plan
Orange, CTRetail Trade1,196 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,467Employer $ per active participant
$4,829Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$63.9MNet plan assets, end of year
$43,395Average balance per account
Score breakdown
- Employer generosity45.1 / 5090th percentile for employer $ per participant
- Low cost9.6 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1580th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 38th |
| Employee saving | 80th |
| 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
- Colony Hardware put in about $2,467 per active participant, more than the typical peer ($743). 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.
- 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 | $2,950,863 |
| Participant (employee) contributions | $5,775,085 |
| Other contributions (incl. rollovers in) | $925,159 |
| Administrative expenses paid from the plan | $184,693 |
| Investment advisory & management fees | $71,546 |
| Benefits paid out | $10,975,572 |
| Net assets, start / end of year | $52.1M / $63.9M |
| Active participants, start / end of year | 1,230 / 1,162 |
| Participants with account balances | 1,473 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Whittlesey PC |
Largest service providers (Schedule C)
| Fidelity Invests Inst Oper Co Inc | $113,146 reported compensation |
| Cambridge Investment Research | $71,546 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003100915NAL0001225761001, received 2025-10-03, EIN 30-0432137, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.