Goode Cook, Inc. 401(k) Review & Grade
Goode Cook, Inc. 401(k) Profit Sharing Plan
Houston, TXAccommodation & Food Services874 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$332Employer $ per active participant
$529Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$8.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity28.4 / 5057th percentile for employer $ per participant
- Low cost3.6 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score30 / 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 | 57th |
| Lower admin cost | 14th |
| Employee saving | 32th |
| Peers that auto-enroll | 17% |
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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 ($26,790 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
- Goode Cook put in about $332 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 (0.66% 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 | $290,211 |
| Participant (employee) contributions | $462,089 |
| Other contributions (incl. rollovers in) | $2,094 |
| Administrative expenses paid from the plan | $55,158 |
| Investment advisory & management fees | $23,506 |
| Benefits paid out | $1,040,874 |
| Net assets, start / end of year | $8.0M / $8.6M |
| Active participants, start / end of year | 814 / 934 |
| Participants with account balances | 185 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| Adp, Inc. | $31,652 reported compensation |
| Hightower Advisors, LLC | $23,507 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250818051006NAL0000919425001, received 2025-08-18, EIN 74-1939977, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.