Prado Enterprises, Inc. 401(k) Review & Grade
Prado Enterprises, Inc. 401(k) Plan
Lutz, FLAccommodation & Food Services700 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$311Employer $ per active participant
$652Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$5.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity27.0 / 5054th percentile for employer $ per participant
- Low cost18.2 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 73th |
| Employee saving | 40th |
| Peers that auto-enroll | 17% |
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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
- Prado Enterprises put in about $311 per active participant, more than the typical peer ($266). 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.
- 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 | $217,288 |
| Participant (employee) contributions | $456,162 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $5,170 |
| Benefits paid out | $180,347 |
| Net assets, start / end of year | $4.4M / $5.5M |
| Active participants, start / end of year | 645 / 754 |
| Participants with account balances | 102 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250703111655NAL0000979568001, received 2025-07-03, EIN 59-3137898, plan #101, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.