Cordoba Corporation 401(k) Review & Grade
Cordoba Corporation 401(k) Plan
Los Angeles, CAProfessional, Scientific & Technical Services500 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,431Employer $ per active participant
$9,178Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$44.0MNet plan assets, end of year
$67,054Average balance per account
Score breakdown
- Employer generosity20.1 / 5040th percentile for employer $ per participant
- Low cost13.5 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1551th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 54th |
| Employee saving | 51th |
| 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 ($2,861 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $35,512 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cordoba put in about $2,431 per active participant, below the typical peer ($3,082). 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 | $1,215,431 |
| Participant (employee) contributions | $4,588,940 |
| Other contributions (incl. rollovers in) | $451,979 |
| Administrative expenses paid from the plan | $81,647 |
| Investment advisory & management fees | $38,700 |
| Benefits paid out | $4,558,792 |
| Net assets, start / end of year | $36.6M / $44.0M |
| Active participants, start / end of year | 510 / 490 |
| Participants with account balances | 656 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Richardson Kontogouris Emerson LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $43,831 reported compensation |
| Fiduciary Experts LLC | $38,700 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015181433NAL0002856419001, received 2025-10-15, EIN 95-3742468, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.