The Cannabist Company Holdings Inc. 401(k) Review & Grade
The Cannabist Company 401(k) Plan
Chelmsford, MAManufacturing1,736 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$562Employer $ per active participant
$1,216Employee $ saved per active participant
1.56%Direct admin cost, % of plan assets
$11.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.0 / 508th percentile for employer $ per participant
- Low cost0.6 / 252th percentile for low admin cost vs. same-size plans
- Employee saving0.7 / 155th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score2 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 2th |
| Employee saving | 5th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $39,974 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cannabist Company Holdings put in about $562 per active participant, below the typical peer ($2,320). 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 (1.56% 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 | $975,689 |
| Participant (employee) contributions | $2,111,982 |
| Other contributions (incl. rollovers in) | $93,938 |
| Administrative expenses paid from the plan | $177,979 |
| Contract administrator fees | $134,734 |
| Investment advisory & management fees | $43,245 |
| Benefits paid out | $3,321,558 |
| Net assets, start / end of year | $10.9M / $11.9M |
| Active participants, start / end of year | 2,009 / 1,464 |
| Participants with account balances | 607 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Martin Hood LLC |
Largest service providers (Schedule C)
| PCS Retirement LLC | $134,734 reported compensation |
| Brookwood Investment Group | $43,245 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003111956NAL0001296017001, received 2025-10-03, EIN 98-1488978, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.