Cop, Hometown Services, Inc. 401(k) Review & Grade
Cop, Hometown Services, Inc. Employee Retirement 401(k) Plan
Tulsa, OKConstruction1,492 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$829Employer $ per active participant
$2,259Employee $ saved per active participant
0.96%Direct admin cost, % of plan assets
$25.2MNet plan assets, end of year
$32,275Average balance per account
Score breakdown
- Employer generosity13.5 / 5027th percentile for employer $ per participant
- Low cost1.7 / 257th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 7th |
| Employee saving | 26th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,981 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cop, Hometown Services put in about $829 per active participant, below the typical peer ($1,672). 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 (0.96% 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 | $1,236,194 |
| Participant (employee) contributions | $3,370,368 |
| Other contributions (incl. rollovers in) | $272,591 |
| Administrative expenses paid from the plan | $213,655 |
| Investment advisory & management fees | $33,725 |
| Benefits paid out | $1,961,758 |
| Net assets, start / end of year | $19.4M / $25.2M |
| Active participants, start / end of year | 1,483 / 1,501 |
| Participants with account balances | 780 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hood & Associates Cpas PC |
Largest service providers (Schedule C)
| Adp, Inc. | $170,839 reported compensation |
| Creative Planning Holdco, LLC | $42,815 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011051104NAL0004619907001, received 2025-10-11, EIN 73-1081869, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.