Els of Florida, Inc. 401(k) Review & Grade
Els of Florida, Inc 401(k) Plan
Palm Beach Gardens, FLAdministrative, Support & Staffing Services9,108 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$0Employer $ per active participant
$0Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$567Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity0.0 / 500th percentile for employer $ per participant
- Low cost4.4 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving0.0 / 150th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-5 pts1 issue reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 0th |
| Lower admin cost | 18th |
| Employee saving | 0th |
| Peers that auto-enroll | 22% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- This plan reported $0 in employer contributions for 2024. Some employers put their money into a separate plan, so check any other plans listed below and ask HR. If there really is no company money, you still get the tax break. Compare the plan's fees and funds with an IRA before deciding where your next dollar goes.
- 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 (0.37% of assets) are well above similar-size plans (0.12%). 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 | $0 |
| Participant (employee) contributions | $0 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $2 |
| Benefits paid out | $0 |
| Net assets, start / end of year | $513 / $567 |
| Active participants, start / end of year | 9,108 / 9,108 |
| Participants with account balances | 3 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250919074020NAL0004898930001, received 2025-09-19, EIN 46-2387442, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.