Congo, LLC 401(k) Review & Grade
Employee's 401(k) Plan
Louisville, KYAdministrative, Support & Staffing Services689 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,805Employer $ per active participant
$3,260Employee $ saved per active participant
1.28%Direct admin cost, % of plan assets
$7.3MNet plan assets, end of year
$15,383Average balance per account
Score breakdown
- Employer generosity38.0 / 5076th percentile for employer $ per participant
- Low cost0.9 / 254th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 4th |
| Employee saving | 65th |
| Peers that auto-enroll | 27% |
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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
- Congo put in about $1,805 per active participant, more than the typical peer ($712). 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 (1.28% 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.
- 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 | $1,243,569 |
| Participant (employee) contributions | $2,246,241 |
| Other contributions (incl. rollovers in) | $1,104,354 |
| Administrative expenses paid from the plan | $66,226 |
| Investment advisory & management fees | $60,989 |
| Benefits paid out | $700,095 |
| Net assets, start / end of year | $3.0M / $7.3M |
| Active participants, start / end of year | 496 / 882 |
| Participants with account balances | 476 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cherry Bekaert LLP |
Largest service providers (Schedule C)
| United Advisors Group | $60,989 reported compensation |
| Alerus Retirement Solutions | $5,237 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014153121NAL0006667250001, received 2025-10-14, EIN 83-3603869, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.