Benco Dental Supply Co. 401(k) Review & Grade
Benco Dental Supply Co. 401(k) Plan
Pittston, PAWholesale Trade1,528 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,567Employer $ per active participant
$7,497Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$261.5MNet plan assets, end of year
$135,609Average balance per account
Score breakdown
- Employer generosity40.4 / 5081th percentile for employer $ per participant
- Low cost19.7 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 79th |
| Employee saving | 83th |
| Peers that auto-enroll | 53% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($939,403 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $12,059 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Benco Dental Supply put in about $3,567 per active participant, more than the typical peer ($1,792). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $5,449,329 |
| Participant (employee) contributions | $11,451,200 |
| Other contributions (incl. rollovers in) | $1,115,431 |
| Administrative expenses paid from the plan | $201,116 |
| Investment advisory & management fees | $67,109 |
| Benefits paid out | $23,267,712 |
| Net assets, start / end of year | $234.9M / $261.5M |
| Active participants, start / end of year | 1,528 / 1,527 |
| Participants with account balances | 1,928 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cohen & Company.ltd. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $107,757 reported compensation |
| Cambridge Investment Research Inc | $49,632 reported compensation |
| Mcgladrey LLP | $26,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008082927NAL0005270465001, received 2025-10-08, EIN 23-2718942, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.