Fidelity Technologies Corporation 401(k) Review & Grade
Fidelity Technologies Corporation Employees Savings and Protection Plan
Reading, PAManufacturing864 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,095Employer $ per active participant
$7,784Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$57.2MNet plan assets, end of year
$85,038Average balance per account
Score breakdown
- Employer generosity32.3 / 5065th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 30th |
| Employee saving | 79th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $430,043 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fidelity Technologies put in about $3,095 per active participant, more than the typical peer ($2,320). 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 (0.41% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $2,672,783 |
| Participant (employee) contributions | $6,721,564 |
| Other contributions (incl. rollovers in) | $2,098,459 |
| Administrative expenses paid from the plan | $207,220 |
| Contract administrator fees | $197,870 |
| Benefits paid out | $5,627,578 |
| Net assets, start / end of year | $44.7M / $57.2M |
| Active participants, start / end of year | 922 / 805 |
| Participants with account balances | 673 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Maillie LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $197,869 reported compensation |
| Ameritas Advisory Services, LLC | $104,147 reported compensation |
| Maillie LLP | $9,350 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925065239NAL0007394865001, received 2025-09-25, EIN 23-2492166, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.