Cooper Realty Company 401(k) Review & Grade
Cooper Companies 401(k) Savings and Retirement Plan
Memphis, TNAccommodation & Food Services1,574 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$142Employer $ per active participant
$576Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$24.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity15.9 / 5032th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 67th |
| Employee saving | 34th |
| Peers that auto-enroll | 17% |
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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 ($459 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $89,943 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cooper Realty put in about $142 per active participant, below the typical peer ($266). 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.
- 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 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 | $223,502 |
| Participant (employee) contributions | $906,025 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $30,670 |
| Benefits paid out | $1,336,043 |
| Net assets, start / end of year | $22.0M / $24.6M |
| Active participants, start / end of year | 2,282 / 865 |
| Participants with account balances | 517 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Watkins and Uberall |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $30,670 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250807094425NAL0002115683001, received 2025-08-07, EIN 62-0556886, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.