Fesco, LTD. 401(k) Review & Grade
Fesco, LTD. 401(k) Plan
Alice, TXProfessional, Scientific & Technical Services531 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$422Employer $ per active participant
$2,963Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$46.0MNet plan assets, end of year
$91,194Average balance per account
Score breakdown
- Employer generosity6.1 / 5012th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 67th |
| Employee saving | 15th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($154,232 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Fesco put in about $422 per active participant, below the typical peer ($3,082). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $224,092 |
| Participant (employee) contributions | $1,573,615 |
| Other contributions (incl. rollovers in) | $41,414 |
| Administrative expenses paid from the plan | $60,526 |
| Investment advisory & management fees | $6,867 |
| Benefits paid out | $7,297,810 |
| Net assets, start / end of year | $45.1M / $46.0M |
| Active participants, start / end of year | 684 / 378 |
| Participants with account balances | 504 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Michael D. Burnett, CPA |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $29,659 reported compensation |
| Michael D Burnett, CPA | $18,000 reported compensation |
| Strategic Advisors, Inc. | $6,867 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260304161316NAL0003140369001, received 2026-03-04, EIN 74-1458395, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.