Cort Business Services Corporation 401(k) Review & Grade
Cort 401(k) Retirement Savings Plan
Chantilly, VAReal Estate & Rental2,166 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,324Employer $ per active participant
$5,555Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$248.8MNet plan assets, end of year
$84,408Average balance per account
Score breakdown
- Employer generosity26.0 / 5052th percentile for employer $ per participant
- Low cost20.0 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 80th |
| Employee saving | 73th |
| Peers that auto-enroll | 47% |
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
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $19,526 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cort Business Services put in about $1,324 per active participant, more than the typical peer ($1,279). 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.
- 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 | $2,867,799 |
| Participant (employee) contributions | $12,028,675 |
| Other contributions (incl. rollovers in) | $535,020 |
| Administrative expenses paid from the plan | $178,195 |
| Investment advisory & management fees | $64,744 |
| Benefits paid out | $26,488,520 |
| Net assets, start / end of year | $216.9M / $248.8M |
| Active participants, start / end of year | 2,106 / 2,225 |
| Participants with account balances | 2,948 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cherry Bekaert, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $114,000 reported compensation |
| Strategic Advisors, Inc. | $64,744 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008084334NAL0002864947001, received 2025-10-08, EIN 14-1543982, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.