Delphinus Engineering, Inc. 401(k) Review & Grade
Delphinus Engineering, Inc. 401(k) Profit Sharing Plan
Newtown Square, PAManufacturing638 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,342Employer $ per active participant
$5,752Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$39.9MNet plan assets, end of year
$34,178Average balance per account
Score breakdown
- Employer generosity13.2 / 5026th percentile for employer $ per participant
- Low cost24.7 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 99th |
| Employee saving | 61th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($6,223 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Delphinus Engineering put in about $1,342 per active participant, below the typical peer ($2,320). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $856,323 |
| Participant (employee) contributions | $3,669,519 |
| Other contributions (incl. rollovers in) | $561,955 |
| Administrative expenses paid from the plan | $1,875 |
| Contract administrator fees | $1,875 |
| Benefits paid out | $4,463,266 |
| Net assets, start / end of year | $34.5M / $39.9M |
| Active participants, start / end of year | 606 / 670 |
| Participants with account balances | 1,167 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Kelly, Welde & Co. LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $1,875 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009184238NAL0007020017001, received 2025-10-09, EIN 23-2784914, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.