R J Corman Railroad Group, LLC 401(k) Review & Grade
R. J. Corman Savings Retirement Plan
Nicholasville, KYConstruction1,471 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,102Employer $ per active participant
$3,554Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$78.9MNet plan assets, end of year
$53,284Average balance per account
Score breakdown
- Employer generosity30.3 / 5061th percentile for employer $ per participant
- Low cost12.2 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 49th |
| Employee saving | 44th |
| Peers that auto-enroll | 44% |
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
Corrective distributions: the plan refunded $115,178 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- R J Corman Railroad Group put in about $2,102 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.
- 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 | $3,092,031 |
| Participant (employee) contributions | $5,228,241 |
| Other contributions (incl. rollovers in) | $367,534 |
| Administrative expenses paid from the plan | $178,021 |
| Benefits paid out | $8,223,240 |
| Net assets, start / end of year | $70.1M / $78.9M |
| Active participants, start / end of year | 1,401 / 1,541 |
| Participants with account balances | 1,480 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Dean Dorton Allen Ford PLLC |
Largest service providers (Schedule C)
| Central Bank & Trust Co | $178,021 reported compensation |
| Empower Annuity Insurance Company O | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013092431NAL0000417059001, received 2025-10-13, EIN 61-0893327, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.