CT Management, Inc. 401(k) Review & Grade
CT Management, Inc. Retirement Savings Plan
Claremont, NCTransportation & Warehousing613 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$656Employer $ per active participant
$3,665Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$48.7MNet plan assets, end of year
$71,470Average balance per account
Score breakdown
- Employer generosity16.9 / 5034th percentile for employer $ per participant
- Low cost9.7 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 39th |
| Employee saving | 59th |
| Peers that auto-enroll | 37% |
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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
- CT Management put in about $656 per active participant, below the typical peer ($1,070). 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 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 | $402,207 |
| Participant (employee) contributions | $2,246,762 |
| Other contributions (incl. rollovers in) | $92,261 |
| Administrative expenses paid from the plan | $148,049 |
| Investment advisory & management fees | $65,173 |
| Benefits paid out | $3,874,923 |
| Net assets, start / end of year | $45.1M / $48.7M |
| Active participants, start / end of year | 628 / 598 |
| Participants with account balances | 682 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Smith Leonard PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $73,376 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $65,173 reported compensation |
| Smith Leonard PLLC | $9,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260113151353NAL0020616690001, received 2026-01-13, EIN 26-3310031, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.