Findlay Management Group 401(k) Review & Grade
Findlay Management Group 401(k) Profit Sharing Plan and Trust
Henderson, NVRetail Trade2,521 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$578Employer $ per active participant
$4,191Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$77.4MNet plan assets, end of year
$31,949Average balance per account
Score breakdown
- Employer generosity22.8 / 5046th percentile for employer $ per participant
- Low cost2.9 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 12th |
| Employee saving | 81th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $334,322 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Findlay Management Group put in about $578 per active participant, below the typical peer ($650). 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.
- Direct plan expenses (0.53% 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.
- 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 | $1,456,613 |
| Participant (employee) contributions | $10,565,968 |
| Other contributions (incl. rollovers in) | $1,154,338 |
| Administrative expenses paid from the plan | $369,981 |
| Investment advisory & management fees | $163,181 |
| Benefits paid out | $6,078,117 |
| Net assets, start / end of year | $62.0M / $77.4M |
| Active participants, start / end of year | 2,526 / 2,516 |
| Participants with account balances | 2,424 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $205,749 reported compensation |
| Royal Alliance Associates, Inc. | $163,181 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014055919NAL0002270081001, received 2025-10-14, EIN 88-0267953, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.