Reel Security California Inc 401(k) Review & Grade
Reel Security 401(k) Plan
Sherman Oaks, CAAdministrative, Support & Staffing Services1,144 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$0Employer $ per active participant
$200Employee $ saved per active participant
1.03%Direct admin cost, % of plan assets
$788,183Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.3 / 506th percentile for employer $ per participant
- Low cost1.5 / 256th percentile for low admin cost vs. same-size plans
- Employee saving1.4 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score6 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 6th |
| Employee saving | 9th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,701 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Reel Security California put in about $0 per active participant, below the typical peer ($712). 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 (1.03% 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.
- 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 | $3 |
| Participant (employee) contributions | $229,177 |
| Other contributions (incl. rollovers in) | $14,364 |
| Administrative expenses paid from the plan | $6,824 |
| Benefits paid out | $71,413 |
| Net assets, start / end of year | $542,370 / $788,183 |
| Active participants, start / end of year | 1,103 / 1,185 |
| Participants with account balances | 107 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250729101311NAL0007110562001, received 2025-07-29, EIN 81-5163495, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.