Falck USA, Inc. 401(k) Review & Grade
Falck USA, Inc. 401(k) Plan
Orange, CAHealth Care & Social Assistance2,748 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,324Employer $ per active participant
$2,118Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$82.2MNet plan assets, end of year
$42,831Average balance per account
Score breakdown
- Employer generosity29.4 / 5059th percentile for employer $ per participant
- Low cost7.3 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 29th |
| Employee saving | 44th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $149,398 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Falck USA put in about $1,324 per active participant, more than the typical peer ($800). 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.
- Direct plan expenses (0.24% of assets) are well above similar-size plans (0.12%). 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 | $3,637,137 |
| Participant (employee) contributions | $5,820,673 |
| Other contributions (incl. rollovers in) | $876,721 |
| Administrative expenses paid from the plan | $182,207 |
| Contract administrator fees | $84,224 |
| Investment advisory & management fees | $52,233 |
| Benefits paid out | $6,862,987 |
| Net assets, start / end of year | $69.1M / $82.2M |
| Active participants, start / end of year | 2,739 / 2,757 |
| Participants with account balances | 1,919 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | LSL, LLP |
Largest service providers (Schedule C)
| Wespac Plan Services, LLC | $129,974 reported compensation |
| Wespac Advisors, LLC | $52,233 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015162219NAL0010274786001, received 2025-10-15, EIN 27-3850429, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.