Appleone, Inc. 401(k) Review & Grade
The Act 1 Group of Companies 401(k) Plan for Staff Employees
Glendale, CAAdministrative, Support & Staffing Services689 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$5,936Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$74.9MNet plan assets, end of year
$59,757Average balance per account
Score breakdown
- Employer generosity3.8 / 508th percentile for employer $ per participant
- Low cost10.2 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1584th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 41th |
| Employee saving | 84th |
| Peers that auto-enroll | 27% |
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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 ($206,093 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
- Appleone put in about $0 per active participant, below the typical peer ($712). 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 | $259 |
| Participant (employee) contributions | $4,089,646 |
| Other contributions (incl. rollovers in) | $307,418 |
| Administrative expenses paid from the plan | $205,985 |
| Investment advisory & management fees | $82,972 |
| Other admin expenses | $4,494 |
| Benefits paid out | $7,479,332 |
| Net assets, start / end of year | $64.1M / $74.9M |
| Active participants, start / end of year | 715 / 663 |
| Participants with account balances | 1,254 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | BPM LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $118,519 reported compensation |
| NFP Retirement Inc | $82,972 reported compensation |
| Appleone Inc | $4,494 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010154557NAL0007970417001, received 2025-10-10, EIN 95-2580864, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.