Fidelity Engineering, LLC 401(k) Review & Grade
Fidelity Building Services Group 401(k)
Hunt Valley, MDManufacturing2,366 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,078Employer $ per active participant
$3,955Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$151.7MNet plan assets, end of year
$86,412Average balance per account
Score breakdown
- Employer generosity22.5 / 5045th percentile for employer $ per participant
- Low cost9.1 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 36th |
| Employee saving | 36th |
| Peers that auto-enroll | 59% |
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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 ($311,605 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $157 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fidelity Engineering put in about $2,078 per active participant, below the typical peer ($2,320). 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 | $4,916,569 |
| Participant (employee) contributions | $9,356,407 |
| Other contributions (incl. rollovers in) | $1,574,262 |
| Administrative expenses paid from the plan | $449,017 |
| Investment advisory & management fees | $274,020 |
| Benefits paid out | $11,030,139 |
| Net assets, start / end of year | $114.4M / $151.7M |
| Active participants, start / end of year | 2,299 / 2,432 |
| Participants with account balances | 1,755 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Creative Planning LLC | $206,797 reported compensation |
| Empower Annuity Insurance Company O | $174,997 reported compensation |
| Empower Advisory Group, LLC | $67,223 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260723083246NAL0013284657001, received 2026-07-23, EIN 52-0557267, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.