East Coast Assemblers, Inc. 401(k) Review & Grade
East Coast Assemblers, Inc. 401(k) Plan
Boynton Beach, FLProfessional, Scientific & Technical Services919 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$291Employer $ per active participant
$651Employee $ saved per active participant
0.60%Direct admin cost, % of plan assets
$4.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.1 / 5010th percentile for employer $ per participant
- Low cost4.3 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 17th |
| Employee saving | 4th |
| Peers that auto-enroll | 48% |
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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
- East Coast Assemblers put in about $291 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.
- Direct plan expenses (0.60% 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 | $267,599 |
| Participant (employee) contributions | $598,192 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $28,356 |
| Investment advisory & management fees | $2,067 |
| Benefits paid out | $1,299,682 |
| Net assets, start / end of year | $4.7M / $4.7M |
| Active participants, start / end of year | 1,011 / 827 |
| Participants with account balances | 162 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mike Aversano CPA PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $26,289 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010085101NAL0004078979001, received 2025-10-10, EIN 20-0388460, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.