Colas Inc and Subsidiaries 401(k) Review & Grade
Colas Inc. and Subsidiaries 401(k) Savings Plan
Morristown, NJManagement of Companies3,828 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,042Employer $ per active participant
$5,728Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$555.2MNet plan assets, end of year
$122,702Average balance per account
Score breakdown
- Employer generosity38.1 / 5076th percentile for employer $ per participant
- Low cost11.1 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 45th |
| Employee saving | 36th |
| Peers that auto-enroll | 58% |
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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 ($4,016,739 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
- Colas Inc and Subsidiaries put in about $5,042 per active participant, more than the typical peer ($3,455). 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 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 | $19,301,679 |
| Participant (employee) contributions | $21,929,928 |
| Other contributions (incl. rollovers in) | $3,515,109 |
| Administrative expenses paid from the plan | $779,257 |
| Investment advisory & management fees | $87,418 |
| Other admin expenses | $210,407 |
| Benefits paid out | $69,547,116 |
| Net assets, start / end of year | $521.4M / $555.2M |
| Active participants, start / end of year | 3,829 / 3,828 |
| Participants with account balances | 4,525 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly Us,llp |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $435,932 reported compensation |
| Capfinancial Partners LLC DBA Captr | $87,418 reported compensation |
| Baker Tilly US LLP | $45,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001141157NAL0005968019001, received 2025-10-01, EIN 22-2979907, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.