Fischer Management, LLC 401(k) Review & Grade
Fischer Homes 401(k) Profit Plus Plan and Trust
Erlanger, KYConstruction838 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,500Employer $ per active participant
$8,251Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$94.7MNet plan assets, end of year
$86,561Average balance per account
Score breakdown
- Employer generosity47.5 / 5095th percentile for employer $ per participant
- Low cost17.1 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 69th |
| Employee saving | 87th |
| Peers that auto-enroll | 44% |
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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 ($935 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
- Fischer Management put in about $7,500 per active participant, more than the typical peer ($1,672). 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.
- 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.
- 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 | $6,289,107 |
| Participant (employee) contributions | $6,918,834 |
| Other contributions (incl. rollovers in) | $373,472 |
| Administrative expenses paid from the plan | $108,110 |
| Investment advisory & management fees | $49,837 |
| Other admin expenses | $37,450 |
| Benefits paid out | $8,479,604 |
| Net assets, start / end of year | $78.8M / $94.7M |
| Active participants, start / end of year | 808 / 869 |
| Participants with account balances | 1,094 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clark, Schaefer, Hackett & Co. |
Largest service providers (Schedule C)
| Pca Investment Advisory Services | $49,837 reported compensation |
| Pension Corporation of America | $37,450 reported compensation |
| Charles Schwab Trust Bank | $25,368 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001135653NAL0005958579001, received 2025-10-01, EIN 61-0990213, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.