Fast LP 401(k) Review & Grade
Fast Enterprises, LLC Profit Sharing 401k Plan
Centennial, COProfessional, Scientific & Technical Services1,904 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,575Employer $ per active participant
$14,083Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$303.9MNet plan assets, end of year
$130,496Average balance per account
Score breakdown
- Employer generosity29.4 / 5059th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 97th |
| Employee saving | 85th |
| Peers that auto-enroll | 48% |
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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
- Fast LP put in about $3,575 per active participant, more than the typical peer ($3,082). 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 | $6,806,992 |
| Participant (employee) contributions | $26,813,785 |
| Other contributions (incl. rollovers in) | $182,300 |
| Administrative expenses paid from the plan | $39,700 |
| Contract administrator fees | $19,275 |
| Investment advisory & management fees | $1,175 |
| Other admin expenses | $6,450 |
| Benefits paid out | $13,247,462 |
| Net assets, start / end of year | $241.6M / $303.9M |
| Active participants, start / end of year | 1,763 / 2,045 |
| Participants with account balances | 2,329 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Leavitt, Christensen & Co. |
Largest service providers (Schedule C)
| Raymond James Financial Services | $641,698 reported compensation |
| Pinnacle Pension Services | $131,228 reported compensation |
| Leavitt Christensen & Co PLLC | $12,800 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918164809NAL0002096691001, received 2025-09-18, EIN 30-0951152, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.