Connecticut On-Line Computer Center Inc. 401(k) Review & Grade
Connecticut On-Line Computer Center 401(k) Plan
Southington, CTProfessional, Scientific & Technical Services704 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,973Employer $ per active participant
$8,339Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$154.1MNet plan assets, end of year
$173,003Average balance per account
Score breakdown
- Employer generosity42.0 / 5084th percentile for employer $ per participant
- Low cost22.6 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 90th |
| Employee saving | 44th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Connecticut On-Line Computer Center put in about $6,973 per active participant, more than the typical peer ($3,082). 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 | $4,912,190 |
| Participant (employee) contributions | $5,875,049 |
| Other contributions (incl. rollovers in) | $1,919,166 |
| Administrative expenses paid from the plan | $57,667 |
| Contract administrator fees | $36,779 |
| Investment advisory & management fees | $20,888 |
| Benefits paid out | $11,908,254 |
| Net assets, start / end of year | $134.0M / $154.1M |
| Active participants, start / end of year | 699 / 710 |
| Participants with account balances | 891 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Harvey & Horowitz, P.C. |
Largest service providers (Schedule C)
| John Hancock | $47,269 reported compensation |
| Merrill Lynch, Pierce, Fenner and S | $35,538 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014110922NAL0002710369001, received 2025-10-14, EIN 06-0896418, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.