CV Holdings LC 401(k) Review & Grade
Costa Vida 401(k) Plan
Pleasant Grove, UTAccommodation & Food Services702 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$391Employer $ per active participant
$728Employee $ saved per active participant
1.28%Direct admin cost, % of plan assets
$3.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity32.2 / 5064th percentile for employer $ per participant
- Low cost0.9 / 254th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 4th |
| Employee saving | 46th |
| Peers that auto-enroll | 17% |
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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
- CV Holdings LC put in about $391 per active participant, more than the typical peer ($266). 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.
- Direct plan expenses (1.28% 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.
- 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 | $274,597 |
| Participant (employee) contributions | $511,231 |
| Other contributions (incl. rollovers in) | $44,569 |
| Administrative expenses paid from the plan | $37,176 |
| Benefits paid out | $774,895 |
| Net assets, start / end of year | $2.7M / $3.1M |
| Active participants, start / end of year | 621 / 784 |
| Participants with account balances | 103 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20251015123656NAL0006274240001, received 2025-10-15, EIN 26-3216902, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.