Samuel Coraluzzo Co., Inc. 401(k) Review & Grade
Samuel Coraluzzo Co., Inc. 401(k) Profit Sharing Plan
Vineland, NJTransportation & Warehousing769 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$400Employer $ per active participant
$1,619Employee $ saved per active participant
0.85%Direct admin cost, % of plan assets
$12.5MNet plan assets, end of year
$20,336Average balance per account
Score breakdown
- Employer generosity9.7 / 5019th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 9th |
| Employee saving | 24th |
| Peers that auto-enroll | 37% |
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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
- Samuel Coraluzzo Co. put in about $400 per active participant, below the typical peer ($1,070). 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 (0.85% 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.
- 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 | $307,453 |
| Participant (employee) contributions | $1,244,757 |
| Other contributions (incl. rollovers in) | $264,848 |
| Administrative expenses paid from the plan | $98,083 |
| Investment advisory & management fees | $51,828 |
| Benefits paid out | $1,090,959 |
| Net assets, start / end of year | $10.5M / $12.5M |
| Active participants, start / end of year | 766 / 772 |
| Participants with account balances | 617 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Martini and Martini |
Largest service providers (Schedule C)
| Payne Capital Management LLC | $51,828 reported compensation |
| Fidelity Investments Institutional | $46,255 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007081408NAL0002306275001, received 2025-10-07, EIN 22-2766979, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.