Romarco Minerals U.S. Inc. 401(k) Review & Grade
Haile Gold Mine, Inc. 401(k) Profit Sharing Plan
Kershaw, SCMining, Oil & Gas680 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,548Employer $ per active participant
$6,463Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$30.9MNet plan assets, end of year
$36,742Average balance per account
Score breakdown
- Employer generosity19.5 / 5039th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 37th |
| Employee saving | 41th |
| Peers that auto-enroll | 60% |
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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
- Romarco Minerals U.S. put in about $3,548 per active participant, below the typical peer ($4,357). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,412,351 |
| Participant (employee) contributions | $4,394,890 |
| Other contributions (incl. rollovers in) | $100,137 |
| Administrative expenses paid from the plan | $91,894 |
| Investment advisory & management fees | $76,298 |
| Benefits paid out | $4,124,717 |
| Net assets, start / end of year | $25.1M / $30.9M |
| Active participants, start / end of year | 649 / 711 |
| Participants with account balances | 841 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bauknight, Pietras & Stormer, P |
Largest service providers (Schedule C)
| Broad Street Capital Partners LLC | $54,455 reported compensation |
| Empower Annuity Insurance Company O | $15,596 reported compensation |
| Wealth Enhancement Advisory Service | $11,933 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260120123746NAL0002891907001, received 2026-01-20, EIN 05-0580688, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.