Genuine Cable Group, LLC 401(k) Review & Grade
Genuine Cable Group 401(k) Plan
Chicago, ILWholesale Trade955 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,053Employer $ per active participant
$6,353Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$81.5MNet plan assets, end of year
$75,212Average balance per account
Score breakdown
- Employer generosity37.5 / 5075th percentile for employer $ per participant
- Low cost13.6 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 54th |
| Employee saving | 72th |
| Peers that auto-enroll | 53% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,523,901 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $5,137 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Genuine Cable Group put in about $3,053 per active participant, more than the typical peer ($1,792). 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.
- 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 | $2,915,900 |
| Participant (employee) contributions | $6,066,817 |
| Other contributions (incl. rollovers in) | $1,648,237 |
| Administrative expenses paid from the plan | $134,136 |
| Benefits paid out | $9,547,729 |
| Net assets, start / end of year | $52.4M / $81.5M |
| Active participants, start / end of year | 993 / 917 |
| Participants with account balances | 1,084 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $133,969 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251016122200NAL0008449024010, received 2025-10-16, EIN 84-3002543, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.