Cooley Enterprises, Inc. 401(k) Review & Grade
Cooley Enterprise, Inc. Retirement Savings Plan
Irving, TXRetail Trade1,262 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$310Employer $ per active participant
$1,799Employee $ saved per active participant
1.85%Direct admin cost, % of plan assets
$14.0MNet plan assets, end of year
$11,934Average balance per account
Score breakdown
- Employer generosity11.9 / 5024th percentile for employer $ per participant
- Low cost0.4 / 252th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 2th |
| Employee saving | 30th |
| Peers that auto-enroll | 48% |
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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 ($25,337 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
- Cooley Enterprises put in about $310 per active participant, below the typical peer ($743). 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 (1.85% 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.
- 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 | $391,179 |
| Participant (employee) contributions | $2,269,719 |
| Other contributions (incl. rollovers in) | $3,485,610 |
| Administrative expenses paid from the plan | $224,584 |
| Contract administrator fees | $219,584 |
| Investment advisory & management fees | $5,000 |
| Benefits paid out | $3,314,924 |
| Net assets, start / end of year | $10.2M / $14.0M |
| Active participants, start / end of year | 1,284 / 1,240 |
| Participants with account balances | 1,174 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $219,584 reported compensation |
| LPL Financial LLC - Rpcp | $23,640 reported compensation |
| Erisa Fiduciary Services | $5,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250818170044NAL0002397392001, received 2025-08-18, EIN 75-2646169, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.