Romac Industries, Inc. 401(k) Review & Grade
Romac Industries, Inc. 401(k) & Profit Sharing Plan
Bothell, WAManufacturing620 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$938Employer $ per active participant
$4,030Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$36.8MNet plan assets, end of year
$87,308Average balance per account
Score breakdown
- Employer generosity7.7 / 5015th percentile for employer $ per participant
- Low cost18.0 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1537th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 72th |
| Employee saving | 37th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $89,995 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Romac Industries put in about $938 per active participant, below the typical peer ($2,320). 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.
- 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 | $582,263 |
| Participant (employee) contributions | $2,500,310 |
| Other contributions (incl. rollovers in) | $324,338 |
| Administrative expenses paid from the plan | $39,254 |
| Contract administrator fees | $9,085 |
| Other admin expenses | $50 |
| Benefits paid out | $6,017,514 |
| Net assets, start / end of year | $35.7M / $36.8M |
| Active participants, start / end of year | 557 / 684 |
| Participants with account balances | 422 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark Nuber, P.S. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $39,204 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250714133228NAL0001555504001, received 2025-07-14, EIN 91-0845053, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.