Athens Insurance Service, Inc. 401(k) Review & Grade
Athens Insurance Service, Inc 401(k) Plan
Concord, CAFinance & Insurance518 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,162Employer $ per active participant
$7,236Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$48.6MNet plan assets, end of year
$71,447Average balance per account
Score breakdown
- Employer generosity11.7 / 5023th percentile for employer $ per participant
- Low cost21.0 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 84th |
| Employee saving | 52th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $10,121 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Athens Insurance Service put in about $2,162 per active participant, below the typical peer ($3,606). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,118,643 |
| Participant (employee) contributions | $3,744,472 |
| Other contributions (incl. rollovers in) | $1,587,570 |
| Administrative expenses paid from the plan | $27,356 |
| Investment advisory & management fees | $15,000 |
| Benefits paid out | $3,090,202 |
| Net assets, start / end of year | $40.7M / $48.6M |
| Active participants, start / end of year | 483 / 552 |
| Participants with account balances | 680 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Harrison Accounting Group, Inc |
Largest service providers (Schedule C)
| Prime Capital Investment Advisors L | $15,000 reported compensation |
| Empower Annuity Insurance Company | $12,356 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006180812NAL0010002738001, received 2025-10-06, EIN 68-0177136, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.