Koorsen Fire & Security, Inc. 401(k) Review & Grade
Koorsen Fire & Security, Inc. 401(k) Plan
Indianapolis, INOther Services1,427 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,890Employer $ per active participant
$3,304Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$52.8MNet plan assets, end of year
$26,214Average balance per account
Score breakdown
- Employer generosity32.8 / 5066th percentile for employer $ per participant
- Low cost18.0 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1561th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 72th |
| Employee saving | 61th |
| Peers that auto-enroll | 40% |
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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 ($137,074 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
- Koorsen Fire & Security put in about $1,890 per active participant, more than the typical peer ($1,257). 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 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 | $2,696,681 |
| Participant (employee) contributions | $4,715,280 |
| Other contributions (incl. rollovers in) | $571,396 |
| Administrative expenses paid from the plan | $52,346 |
| Other admin expenses | $52,346 |
| Benefits paid out | $3,292,227 |
| Net assets, start / end of year | $42.5M / $52.8M |
| Active participants, start / end of year | 1,435 / 1,419 |
| Participants with account balances | 2,014 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Donovan PC |
Largest service providers (Schedule C)
| Nationwide | $90,204 reported compensation |
| American Pension Advisors, LTD. | $49,663 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926153551NAL0021934514001, received 2025-09-26, EIN 35-1153549, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.