Coolsys, Inc. 401(k) Review & Grade
Coolsys, Inc. 401(k) Plan
Brea, CAOther Services3,473 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,096Employer $ per active participant
$6,201Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$219.3MNet plan assets, end of year
$54,741Average balance per account
Score breakdown
- Employer generosity41.5 / 5083th percentile for employer $ per participant
- Low cost9.6 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 38th |
| Employee saving | 78th |
| Peers that auto-enroll | 45% |
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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 ($124,015 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $612 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Coolsys put in about $3,096 per active participant, more than the typical peer ($1,132). 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.
- 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 | $10,752,649 |
| Participant (employee) contributions | $21,535,329 |
| Other contributions (incl. rollovers in) | $4,128,757 |
| Administrative expenses paid from the plan | $362,337 |
| Contract administrator fees | $317,454 |
| Investment advisory & management fees | $44,883 |
| Benefits paid out | $27,548,078 |
| Net assets, start / end of year | $183.9M / $219.3M |
| Active participants, start / end of year | 3,260 / 3,686 |
| Participants with account balances | 4,007 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $317,454 reported compensation |
| Serenity Investment Advisors | $45,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250822084555NAL0002470883001, received 2025-08-22, EIN 82-0852708, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.