Community Access Unlimited, Inc. 401(k) Review & Grade
Community Access Unlimited, Inc. 401(k) Plan
Elizabeth, NJOther Services724 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,661Employer $ per active participant
$2,757Employee $ saved per active participant
0.90%Direct admin cost, % of plan assets
$20.9MNet plan assets, end of year
$24,109Average balance per account
Score breakdown
- Employer generosity39.0 / 5078th percentile for employer $ per participant
- Low cost2.0 / 258th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 8th |
| Employee saving | 55th |
| Peers that auto-enroll | 40% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $7,578 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Community Access Unlimited put in about $2,661 per active participant, more than the typical peer ($1,257). 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.
- Direct plan expenses (0.90% of assets) are well above similar-size plans (0.23%). 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 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 | $1,925,451 |
| Participant (employee) contributions | $1,994,467 |
| Other contributions (incl. rollovers in) | $192,812 |
| Administrative expenses paid from the plan | $169,658 |
| Contract administrator fees | $169,658 |
| Benefits paid out | $2,076,864 |
| Net assets, start / end of year | $16.9M / $20.9M |
| Active participants, start / end of year | 711 / 736 |
| Participants with account balances | 865 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $169,658 reported compensation |
| Cetera Investment Advisers LLC | $22,675 reported compensation |
| Cetera Advisors LLC | $19,525 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013081113NAL0000827777001, received 2025-10-13, EIN 22-2318586, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.