Southerncarlson, Inc. 401(k) Review & Grade
Kyocera Industrial Tools, Inc. 401(k) Plan
Omaha, NERetail Trade1,564 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,366Employer $ per active participant
$5,003Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$93.1MNet plan assets, end of year
$57,101Average balance per account
Score breakdown
- Employer generosity36.4 / 5073th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 44th |
| Employee saving | 82th |
| Peers that auto-enroll | 48% |
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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
- Southerncarlson put in about $1,366 per active participant, more than the typical peer ($743). 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.
- 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 | $2,136,678 |
| Participant (employee) contributions | $7,827,746 |
| Other contributions (incl. rollovers in) | $932,699 |
| Administrative expenses paid from the plan | $237,145 |
| Other admin expenses | $65,685 |
| Benefits paid out | $6,018,893 |
| Net assets, start / end of year | $79.6M / $93.1M |
| Active participants, start / end of year | 1,626 / 1,503 |
| Participants with account balances | 1,631 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $171,460 reported compensation |
| Usi Advisors Inc | $64,993 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014080607NAL0001100131001, received 2025-10-14, EIN 27-0815326, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.