Color Image Apparel, Inc. 401(k) Review & Grade
Color Image Apparel, Inc. 401(k) Profit Sharing Plan
Beverly Hills, CAManufacturing2,734 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$836Employer $ per active participant
$1,772Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$24.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.4 / 509th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score5 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 26th |
| Employee saving | 5th |
| Peers that auto-enroll | 70% |
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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 ($496,003 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
- Color Image Apparel put in about $836 per active participant, below the typical peer ($3,452). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.27% of assets) are well above similar-size plans (0.12%). 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 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 | $2,285,480 |
| Participant (employee) contributions | $4,844,567 |
| Other contributions (incl. rollovers in) | $2,501,627 |
| Administrative expenses paid from the plan | $52,476 |
| Investment advisory & management fees | $4,753 |
| Benefits paid out | $1,776,502 |
| Net assets, start / end of year | $14.6M / $24.9M |
| Active participants, start / end of year | 1,318 / 4,149 |
| Participants with account balances | 701 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $47,723 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014174042NAL0004650640001, received 2025-10-14, EIN 77-0540132, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.