Servicon Systems, Inc. 401(k) Review & Grade
Servicon Systems, Inc. 401(k) Plan
Culver City, CAAdministrative, Support & Staffing Services688 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$759Employer $ per active participant
$1,522Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$11.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity26.4 / 5053th percentile for employer $ per participant
- Low cost24.1 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 96th |
| Employee saving | 44th |
| Peers that auto-enroll | 27% |
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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
- Servicon Systems put in about $759 per active participant, more than the typical peer ($712). 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 | $522,032 |
| Participant (employee) contributions | $1,047,453 |
| Other contributions (incl. rollovers in) | $191,011 |
| Administrative expenses paid from the plan | $1,595 |
| Other admin expenses | $1,595 |
| Benefits paid out | $714,915 |
| Net assets, start / end of year | $8.9M / $11.2M |
| Active participants, start / end of year | 600 / 776 |
| Participants with account balances | 223 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Mutual of America Investment Corp | $1,595 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002175937NAL0001172672001, received 2025-10-02, EIN 95-1897037, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.