Keeco, LLC 401(k) Review & Grade
Keeco 401(k) Plan
Hayward, CAWholesale Trade1,508 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,064Employer $ per active participant
$2,452Employee $ saved per active participant
0.42%Direct admin cost, % of plan assets
$70.7MNet plan assets, end of year
$39,444Average balance per account
Score breakdown
- Employer generosity13.2 / 5026th percentile for employer $ per participant
- Low cost7.1 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 29th |
| Employee saving | 16th |
| Peers that auto-enroll | 53% |
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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 ($61,907 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Keeco put in about $1,064 per active participant, below the typical peer ($1,792). 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 (0.42% 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.
- 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 | $1,604,638 |
| Participant (employee) contributions | $3,698,686 |
| Other contributions (incl. rollovers in) | $237,978 |
| Administrative expenses paid from the plan | $311,427 |
| Other admin expenses | $311,427 |
| Benefits paid out | $16,724,783 |
| Net assets, start / end of year | $76.3M / $70.7M |
| Active participants, start / end of year | 1,966 / 1,051 |
| Participants with account balances | 1,793 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $215,287 reported compensation |
| Onedigital Investment Advisors, LLC | $75,385 reported compensation |
| Cliftonlarsonallen LLP | $26,530 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010123239NAL0012595744001, received 2025-10-10, EIN 03-0497289, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.