Acme Electric Motor, Inc 401(k) Review & Grade
Acme Tools 401(k) Plan
Grand Forks, NDRetail Trade602 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,266Employer $ per active participant
$3,399Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$36.0MNet plan assets, end of year
$78,347Average balance per account
Score breakdown
- Employer generosity35.2 / 5070th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 42th |
| Employee saving | 58th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $33,642 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Acme Electric Motor put in about $1,266 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.
- 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 | $762,030 |
| Participant (employee) contributions | $2,046,229 |
| Other contributions (incl. rollovers in) | $407,493 |
| Administrative expenses paid from the plan | $96,533 |
| Investment advisory & management fees | $59,025 |
| Benefits paid out | $2,452,149 |
| Net assets, start / end of year | $31.2M / $36.0M |
| Active participants, start / end of year | 591 / 613 |
| Participants with account balances | 459 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brady Martz & Associate P.C. |
Largest service providers (Schedule C)
| Adp, Inc. | $53,376 reported compensation |
| Alerus Financial | $43,157 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826051237NAL0008455553001, received 2025-08-26, EIN 45-0283814, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.