Collette Travel Services, Inc. 401(k) Review & Grade
Collette Travel Profit Sharing/401(k) Plan & Trust
Pawtucket, RIOther Services628 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,679Employer $ per active participant
$6,676Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$77.2MNet plan assets, end of year
$87,023Average balance per account
Score breakdown
- Employer generosity31.3 / 5063th percentile for employer $ per participant
- Low cost20.8 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1585th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 83th |
| Employee saving | 85th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Collette Travel Services put in about $1,679 per active participant, more than the typical peer ($1,257). 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.
- 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 | $1,053,757 |
| Participant (employee) contributions | $4,189,078 |
| Other contributions (incl. rollovers in) | $1,122,594 |
| Administrative expenses paid from the plan | $45,514 |
| Benefits paid out | $3,405,549 |
| Net assets, start / end of year | $64.0M / $77.2M |
| Active participants, start / end of year | 579 / 676 |
| Participants with account balances | 887 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kahn, Litwin, Renza & Co., LTD. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $45,514 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905150538NAL0029009072001, received 2025-09-05, EIN 05-0298245, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.