DFT Inc. 401(k) Review & Grade
DFT Inc. 401(k) Plan · d/b/a The Cannon Management Company
Riverside, CAReal Estate & Rental555 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$655Employer $ per active participant
$1,236Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$6.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.6 / 5027th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 30th |
| Employee saving | 13th |
| Peers that auto-enroll | 47% |
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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 ($24,578 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- DFT put in about $655 per active participant, below the typical peer ($1,279). 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.
- Direct plan expenses (0.40% 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.
- 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 | $363,301 |
| Participant (employee) contributions | $685,926 |
| Other contributions (incl. rollovers in) | $61,792 |
| Administrative expenses paid from the plan | $23,448 |
| Other admin expenses | $23,448 |
| Benefits paid out | $382,726 |
| Net assets, start / end of year | $5.2M / $6.5M |
| Active participants, start / end of year | 568 / 542 |
| Participants with account balances | 188 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Windes, Inc. |
Largest service providers (Schedule C)
| Nationwide | $23,448 reported compensation |
| LPL Financial | $13,201 reported compensation |
| Nationwide | $746 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014170321NAL0004610128001, received 2025-10-14, EIN 33-0943407, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.