Core Linen Services, Inc. 401(k) Review & Grade
Core Linen Services, Inc. 401(k) Plan
Huntersville, NCOther Services1,850 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$66Employer $ per active participant
$515Employee $ saved per active participant
0.84%Direct admin cost, % of plan assets
$7.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.8 / 5010th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 9th |
| Employee saving | 14th |
| Peers that auto-enroll | 40% |
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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
- Core Linen Services put in about $66 per active participant, below the typical peer ($1,257). 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 (0.84% 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 | $122,635 |
| Participant (employee) contributions | $953,410 |
| Other contributions (incl. rollovers in) | $76,466 |
| Administrative expenses paid from the plan | $56,438 |
| Investment advisory & management fees | $16,737 |
| Benefits paid out | $524,307 |
| Net assets, start / end of year | $6.0M / $7.4M |
| Active participants, start / end of year | 1,314 / 2,385 |
| Participants with account balances | 299 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | JGD & Associates, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $39,701 reported compensation |
| Intelligence Driven Advisers LLC | $16,737 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925145607NAL0009885280001, received 2025-09-25, EIN 16-1671901, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.