Rick Case Enterprises, Inc. 401(k) Review & Grade
Rick Case Enterprises, Inc. 401(k) Plan
Sunrise, FLRetail Trade1,243 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$425Employer $ per active participant
$3,753Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$35.2MNet plan assets, end of year
$25,495Average balance per account
Score breakdown
- Employer generosity15.9 / 5032th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 32th |
| Employee saving | 62th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Rick Case Enterprises put in about $425 per active participant, below the typical peer ($743). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.38% 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 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 | $527,731 |
| Participant (employee) contributions | $4,664,588 |
| Other contributions (incl. rollovers in) | $171,471 |
| Administrative expenses paid from the plan | $124,727 |
| Contract administrator fees | $124,727 |
| Benefits paid out | $3,926,371 |
| Net assets, start / end of year | $30.6M / $35.2M |
| Active participants, start / end of year | 1,235 / 1,251 |
| Participants with account balances | 1,380 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Henderson, Hutcherson, & Mccullough |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $124,727 reported compensation |
| Ubs Financial Services Inc | $32,918 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250904140555NAL0016353313001, received 2025-09-04, EIN 31-1172396, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.