Cci Systems, Inc. 401(k) Review & Grade
Cci Systems, Inc. 401(k) Plan
Iron Mountain, MIConstruction704 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,949Employer $ per active participant
$3,898Employee $ saved per active participant
0.59%Direct admin cost, % of plan assets
$31.2MNet plan assets, end of year
$38,383Average balance per account
Score breakdown
- Employer generosity29.0 / 5058th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 18th |
| Employee saving | 49th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $10,166 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cci Systems put in about $1,949 per active participant, more than the typical peer ($1,672). 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.
- Direct plan expenses (0.59% 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 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 | $1,372,135 |
| Participant (employee) contributions | $2,744,160 |
| Other contributions (incl. rollovers in) | $952,584 |
| Administrative expenses paid from the plan | $180,605 |
| Investment advisory & management fees | $44,410 |
| Benefits paid out | $6,890,837 |
| Net assets, start / end of year | $30.1M / $31.2M |
| Active participants, start / end of year | 775 / 633 |
| Participants with account balances | 813 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $136,195 reported compensation |
| Cerity Partners Retirement Plan | $22,308 reported compensation |
| Empower Advisory Group, LLC | $22,102 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260211115631NAL0002818339001, received 2026-02-11, EIN 38-2356585, plan #003, plan year 2024-05-01 to 2025-04-30. Verify at efast.dol.gov.