Equity Trust Company 401(k) Review & Grade
Equity Trust Company 401(k) Plan
Westlake, OHFinance & Insurance526 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,705Employer $ per active participant
$5,039Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$29.9MNet plan assets, end of year
$48,611Average balance per account
Score breakdown
- Employer generosity16.7 / 5033th percentile for employer $ per participant
- Low cost20.5 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 82th |
| Employee saving | 24th |
| Peers that auto-enroll | 62% |
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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
- Equity Trust put in about $2,705 per active participant, below the typical peer ($3,606). 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.
- 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 | $1,424,010 |
| Participant (employee) contributions | $2,652,788 |
| Other contributions (incl. rollovers in) | $160,717 |
| Administrative expenses paid from the plan | $17,667 |
| Contract administrator fees | $17,667 |
| Benefits paid out | $2,127,580 |
| Net assets, start / end of year | $21.5M / $29.9M |
| Active participants, start / end of year | 452 / 601 |
| Participants with account balances | 615 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohen & Company LTD. |
Largest service providers (Schedule C)
| Epic Retirement Plan Services | $17,667 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010124841NAL0017992242001, received 2025-10-10, EIN 05-0552743, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.