Englefield, Inc. 401(k) Review & Grade
Englefield, Inc. Savings and Retirement 401(k) Plan
Heath, OHRetail Trade650 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$198Employer $ per active participant
$1,378Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$16.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.9 / 5016th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 28th |
| Employee saving | 23th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $77,061 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Englefield put in about $198 per active participant, below the typical peer ($743). 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 (0.43% 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 | $128,638 |
| Participant (employee) contributions | $896,546 |
| Other contributions (incl. rollovers in) | $212,885 |
| Administrative expenses paid from the plan | $64,621 |
| Investment advisory & management fees | $26,731 |
| Benefits paid out | $1,309,547 |
| Net assets, start / end of year | $14.2M / $16.0M |
| Active participants, start / end of year | 692 / 609 |
| Participants with account balances | 239 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | GBQ Partners LLC |
Largest service providers (Schedule C)
| Adp, Inc. | $37,890 reported compensation |
| LPL Financial | $26,731 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250814052141NAL0008825763001, received 2025-08-14, EIN 31-1248972, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.