Don Roberto Jewelers Inc 401(k) Review & Grade
DRJ 401(k)
San Clemente, CARetail Trade586 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,271Employer $ per active participant
$3,051Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$15.1MNet plan assets, end of year
$24,281Average balance per account
Score breakdown
- Employer generosity35.4 / 5071th percentile for employer $ per participant
- Low cost15.9 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1551th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 64th |
| Employee saving | 51th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,828 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Don Roberto Jewelers put in about $1,271 per active participant, more than the typical peer ($743). 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 | $744,381 |
| Participant (employee) contributions | $1,786,103 |
| Other contributions (incl. rollovers in) | $14,137 |
| Administrative expenses paid from the plan | $20,389 |
| Contract administrator fees | $20,389 |
| Benefits paid out | $1,193,635 |
| Net assets, start / end of year | $12.5M / $15.1M |
| Active participants, start / end of year | 593 / 578 |
| Participants with account balances | 623 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Stephens, Reidinger & Beller LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $20,389 reported compensation |
| FMN Capital Corp | $6,329 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250811124340NAL0006613219001, received 2025-08-11, EIN 33-0407269, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.