Employment Enterprises Inc 401(k) Review & Grade
Employment Enterprises, Inc. Retirement Savings Plan
Manassas, VAAdministrative, Support & Staffing Services1,482 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$97Employer $ per active participant
$1,379Employee $ saved per active participant
1.02%Direct admin cost, % of plan assets
$11.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.0 / 5018th percentile for employer $ per participant
- Low cost1.5 / 256th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 6th |
| Employee saving | 42th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Employment Enterprises put in about $97 per active participant, below the typical peer ($712). 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 (1.02% 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 | $144,012 |
| Participant (employee) contributions | $2,042,968 |
| Other contributions (incl. rollovers in) | $547,238 |
| Administrative expenses paid from the plan | $103,724 |
| Contract administrator fees | $103,724 |
| Benefits paid out | $1,710,120 |
| Net assets, start / end of year | $9.2M / $11.1M |
| Active participants, start / end of year | 1,495 / 1,469 |
| Participants with account balances | 466 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $103,724 reported compensation |
| NFP Advisor Services LLC | $32,657 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929062312NAL0010958577001, received 2025-09-29, EIN 54-1487514, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.