Dattco, Inc. 401(k) Review & Grade
Dattco, Inc. 401(k) Plan
New Britain, CTTransportation & Warehousing1,548 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$450Employer $ per active participant
$2,265Employee $ saved per active participant
0.59%Direct admin cost, % of plan assets
$27.6MNet plan assets, end of year
$13,011Average balance per account
Score breakdown
- Employer generosity11.9 / 5024th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 18th |
| Employee saving | 35th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $12,537 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dattco put in about $450 per active participant, below the typical peer ($1,070). 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 (0.59% 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 | $697,251 |
| Participant (employee) contributions | $3,506,118 |
| Other contributions (incl. rollovers in) | $1,592,088 |
| Administrative expenses paid from the plan | $154,541 |
| Contract administrator fees | $154,541 |
| Benefits paid out | $5,902,570 |
| Net assets, start / end of year | $24.6M / $27.6M |
| Active participants, start / end of year | 1,451 / 1,645 |
| Participants with account balances | 2,125 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Guilmartin, Dipiro & Sokolowski LLC |
Largest service providers (Schedule C)
| LPL Financial LLC | $0 reported compensation |
| John Hancock Life Insurance Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015150635NAL0006555680001, received 2025-10-15, EIN 06-0813381, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.