Forcht Group, Inc 401(k) Review & Grade
Forcht Group of Kentucky Savings Plan
Lexington, KYFinance & Insurance1,630 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$866Employer $ per active participant
$1,510Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$55.0MNet plan assets, end of year
$30,912Average balance per account
Score breakdown
- Employer generosity4.2 / 508th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 152th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 40th |
| Employee saving | 2th |
| Peers that auto-enroll | 62% |
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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
- Forcht Group put in about $866 per active participant, below the typical peer ($3,606). 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 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 | $1,410,801 |
| Participant (employee) contributions | $2,461,681 |
| Other contributions (incl. rollovers in) | $19,930 |
| Administrative expenses paid from the plan | $155,752 |
| Investment advisory & management fees | $40,000 |
| Benefits paid out | $3,497,505 |
| Net assets, start / end of year | $48.6M / $55.0M |
| Active participants, start / end of year | 1,637 / 1,623 |
| Participants with account balances | 1,779 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cherry Bekaert Advisory LLC |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260209123947NAL0001587456001, received 2026-02-09, EIN 45-2579770, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.