The Conlan Company 401(k) Review & Grade
The Conlan Company 401k Plan
Marietta, GAConstruction703 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$345Employer $ per active participant
$2,213Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$21.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.8 / 5012th percentile for employer $ per participant
- Low cost19.1 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1525th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 76th |
| Employee saving | 25th |
| Peers that auto-enroll | 44% |
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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 ($66,511 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $348,829 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Conlan put in about $345 per active participant, below the typical peer ($1,672). 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 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 | $242,814 |
| Participant (employee) contributions | $1,555,985 |
| Other contributions (incl. rollovers in) | $23,094 |
| Administrative expenses paid from the plan | $17,883 |
| Contract administrator fees | $2,600 |
| Investment advisory & management fees | $14,583 |
| Other admin expenses | $700 |
| Benefits paid out | $626,886 |
| Net assets, start / end of year | $17.8M / $21.4M |
| Active participants, start / end of year | 785 / 621 |
| Participants with account balances | 187 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith Adcock and Company |
Largest service providers (Schedule C)
| Northwestern Mutual Wealth Manageme | $28,755 reported compensation |
| Smith Adcock and Company | $8,150 reported compensation |
| Voya Retirement Advisors, LLC | $6,432 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013130611NAL0000631059001, received 2025-10-13, EIN 58-1751974, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.