Redstone Residential, Inc. 401(k) Review & Grade
Retirement Income Security Plan-Redstone Residential, Inc.
Provo, UTReal Estate & Rental634 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,355Employer $ per active participant
$1,800Employee $ saved per active participant
0.98%Direct admin cost, % of plan assets
$8.7MNet plan assets, end of year
$23,551Average balance per account
Score breakdown
- Employer generosity26.6 / 5053th percentile for employer $ per participant
- Low cost1.7 / 257th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 7th |
| Employee saving | 21th |
| Peers that auto-enroll | 47% |
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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 ($54,974 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
- Redstone Residential put in about $1,355 per active participant, more than the typical peer ($1,279). 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 (0.98% 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 | $858,776 |
| Participant (employee) contributions | $1,141,112 |
| Other contributions (incl. rollovers in) | $176,291 |
| Administrative expenses paid from the plan | $74,840 |
| Contract administrator fees | $48,494 |
| Investment advisory & management fees | $24,917 |
| Benefits paid out | $1,027,309 |
| Net assets, start / end of year | $6.6M / $8.7M |
| Active participants, start / end of year | 652 / 616 |
| Participants with account balances | 370 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bas Partners |
Largest service providers (Schedule C)
| Ameritas Life Insurance Corp | $31,516 reported compensation |
| GBS Retire | $23,153 reported compensation |
| Healthequity Retirement Services, L | $16,979 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013144341NAL0002220752001, received 2025-10-13, EIN 87-0492731, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.