Rochester Electronics, LLC 401(k) Review & Grade
Rochester Electronics, LLC 401(k) Profit Sharing Plan
Newburyport, MAWholesale Trade660 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,903Employer $ per active participant
$7,508Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$74.3MNet plan assets, end of year
$100,972Average balance per account
Score breakdown
- Employer generosity36.4 / 5073th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1584th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 43th |
| Employee saving | 84th |
| Peers that auto-enroll | 53% |
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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
- Rochester Electronics put in about $2,903 per active participant, more than the typical peer ($1,792). 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.
- 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 | $1,916,283 |
| Participant (employee) contributions | $4,955,504 |
| Other contributions (incl. rollovers in) | $873,717 |
| Administrative expenses paid from the plan | $192,606 |
| Contract administrator fees | $109,069 |
| Investment advisory & management fees | $68,580 |
| Other admin expenses | $14,957 |
| Benefits paid out | $7,544,377 |
| Net assets, start / end of year | $64.2M / $74.3M |
| Active participants, start / end of year | 658 / 662 |
| Participants with account balances | 736 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ryan & Coscia P.C. |
Largest service providers (Schedule C)
| Bank of America | $68,580 reported compensation |
| Angell Pension Group | $32,305 reported compensation |
| Benefit Trust Company | $11,214 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260812123020NAL0013585282001, received 2026-08-12, EIN 04-2773564, plan #001, plan year 2024-11-01 to 2025-10-31. Verify at efast.dol.gov.