Plan Employer Cinch Home Services Inc. 401(k) Review & Grade
Cinch Home Services, Inc. and Affiliates 401(k) Retirement Plan
Boca Raton, FLManagement of Companies612 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,386Employer $ per active participant
$5,199Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$47.8MNet plan assets, end of year
$66,991Average balance per account
Score breakdown
- Employer generosity24.0 / 5048th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 86th |
| Employee saving | 43th |
| Peers that auto-enroll | 58% |
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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
- Plan Employer Cinch Home Services put in about $2,386 per active participant, below the typical peer ($2,492). 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.
- 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 | $1,459,168 |
| Participant (employee) contributions | $3,178,971 |
| Other contributions (incl. rollovers in) | $517,897 |
| Administrative expenses paid from the plan | $24,071 |
| Investment advisory & management fees | $11,182 |
| Benefits paid out | $5,020,038 |
| Net assets, start / end of year | $40.9M / $47.8M |
| Active participants, start / end of year | 510 / 713 |
| Participants with account balances | 714 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $12,889 reported compensation |
| Strategic Advisors, Inc. | $11,182 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009142427NAL0003655171001, received 2025-10-09, EIN 65-0033743, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.