Alterra Mountain Company 401(k) Review & Grade
Alterra Mountain Company U.S. Inc. 401(k) Retirement Plan
Denver, COArts, Entertainment & Recreation15,057 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$667Employer $ per active participant
$1,626Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$365.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.1 / 5026th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-23 pts3 issues reported on the filing
Total score1 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 28th |
| Employee saving | 23th |
| Peers that auto-enroll | 50% |
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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 ($334,052 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $12,968 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Alterra Mountain put in about $667 per active participant, below the typical peer ($2,229). 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 (0.15% of assets) are well above similar-size plans (0.09%). 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 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 | $10,047,659 |
| Participant (employee) contributions | $24,479,914 |
| Other contributions (incl. rollovers in) | $4,976,517 |
| Administrative expenses paid from the plan | $506,036 |
| Investment advisory & management fees | $113,487 |
| Benefits paid out | $36,897,748 |
| Net assets, start / end of year | $310.4M / $365.8M |
| Active participants, start / end of year | 10,620 / 19,494 |
| Participants with account balances | 7,238 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $392,549 reported compensation |
| Strategic Advisors, Inc. | $113,487 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015134122NAL0002506547001, received 2025-10-15, EIN 91-1616891, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.