CC Services, Inc. 401(k) Review & Grade
Country/ Iaa 401(k) Plan
Bloomington, ILAdministrative, Support & Staffing Services3,656 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,705Employer $ per active participant
$8,931Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$204,302Average balance per account
Score breakdown
- Employer generosity48.0 / 5096th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving14.3 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score94 / 100 · Grade A
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 98th |
| Employee saving | 95th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,231 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- CC Services put in about $3,705 per active participant, more than the typical peer ($342). 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.
- 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 | $13,544,688 |
| Participant (employee) contributions | $32,651,045 |
| Other contributions (incl. rollovers in) | $2,626,275 |
| Administrative expenses paid from the plan | $93,503 |
| Contract administrator fees | $78,994 |
| Benefits paid out | $80,937,197 |
| Net assets, start / end of year | $1.0B / $1.1B |
| Active participants, start / end of year | 3,624 / 3,688 |
| Participants with account balances | 5,622 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | MH CPA PLLC |
Largest service providers (Schedule C)
| Newport Group, Inc. | $93,503 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250627174020NAL0014075776001, received 2025-06-27, EIN 37-1000579, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.