Surack Enterprises Corp 401(k) Review & Grade
Surack Enterprises Corp 401(k) Plan
Fort Wayne, INAdministrative, Support & Staffing Services534 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$757Employer $ per active participant
$3,541Employee $ saved per active participant
0.98%Direct admin cost, % of plan assets
$10.9MNet plan assets, end of year
$20,686Average balance per account
Score breakdown
- Employer generosity26.1 / 5052th percentile for employer $ per participant
- Low cost1.7 / 257th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1567th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 7th |
| Employee saving | 67th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($80,243 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $1,854 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Surack Enterprises put in about $757 per active participant, more than the typical peer ($712). 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.
- Direct plan expenses (0.98% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $404,226 |
| Participant (employee) contributions | $1,891,136 |
| Other contributions (incl. rollovers in) | $296,311 |
| Administrative expenses paid from the plan | $92,043 |
| Investment advisory & management fees | $5,420 |
| Benefits paid out | $632,631 |
| Net assets, start / end of year | $7.8M / $10.9M |
| Active participants, start / end of year | 439 / 629 |
| Participants with account balances | 528 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Dulin, Ward & Dewald, Inc. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $86,623 reported compensation |
| Strategic Advisors, Inc. | $5,420 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915071550NAL0000777665001, received 2025-09-15, EIN 03-0480200, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.