Apct, Inc. 401(k) Review & Grade
Apct, Inc. 401(k) Plan
Aurora, CAManufacturing716 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$774Employer $ per active participant
$2,857Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$25.0MNet plan assets, end of year
$55,912Average balance per account
Score breakdown
- Employer generosity6.0 / 5012th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 22th |
| Employee saving | 21th |
| Peers that auto-enroll | 59% |
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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 ($1,925 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Apct put in about $774 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 (0.52% 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 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 | $554,322 |
| Participant (employee) contributions | $2,045,461 |
| Other contributions (incl. rollovers in) | $533,522 |
| Administrative expenses paid from the plan | $96,159 |
| Investment advisory & management fees | $58,288 |
| Benefits paid out | $5,739,072 |
| Net assets, start / end of year | $11.9M / $25.0M |
| Active participants, start / end of year | 750 / 682 |
| Participants with account balances | 448 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withum Smith+brown, PC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $37,871 reported compensation |
| Global Retirement Partners LLC | $37,373 reported compensation |
| Empower Advisory Group, LLC | $20,915 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013151350NAL0000753427001, received 2025-10-13, EIN 47-0943468, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.