Custard Insurance Adjusters, Inc. 401(k) Review & Grade
Custard Insurance Adjusters Savings Plan
Norcross, GAFinance & Insurance775 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,184Employer $ per active participant
$3,682Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$45.9MNet plan assets, end of year
$55,477Average balance per account
Score breakdown
- Employer generosity5.6 / 5011th percentile for employer $ per participant
- Low cost18.9 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 76th |
| Employee saving | 10th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $20,350 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Custard Insurance Adjusters put in about $1,184 per active participant, below the typical peer ($3,606). 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.
- 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.
- 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 | $917,619 |
| Participant (employee) contributions | $2,853,384 |
| Other contributions (incl. rollovers in) | $71,692 |
| Administrative expenses paid from the plan | $40,662 |
| Contract administrator fees | $6,100 |
| Investment advisory & management fees | $9,812 |
| Other admin expenses | $24,750 |
| Benefits paid out | $3,915,402 |
| Net assets, start / end of year | $40.7M / $45.9M |
| Active participants, start / end of year | 738 / 812 |
| Participants with account balances | 828 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Jarrard, Nowell & Russell, LLC |
Largest service providers (Schedule C)
| Coker James & Co | $22,300 reported compensation |
| Cira (cambridge Investment Research | $17,201 reported compensation |
| Voya Retirement Advisors, LLC | $9,628 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010085750NAL0012687712001, received 2025-10-10, EIN 35-1188325, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.