SKC Enterprises, Inc. DBA Rent One 401(k) Review & Grade
Rent One 401(k) Plan
ST. Louis, MOReal Estate & Rental588 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$439Employer $ per active participant
$1,295Employee $ saved per active participant
0.95%Direct admin cost, % of plan assets
$8.1MNet plan assets, end of year
$23,287Average balance per account
Score breakdown
- Employer generosity9.0 / 5018th percentile for employer $ per participant
- Low cost1.8 / 257th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 7th |
| Employee saving | 14th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,491 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- SKC Enterprises, Inc. DBA Rent One put in about $439 per active participant, below the typical peer ($1,279). 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 (0.95% 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 | $258,405 |
| Participant (employee) contributions | $761,480 |
| Other contributions (incl. rollovers in) | $463 |
| Administrative expenses paid from the plan | $71,316 |
| Investment advisory & management fees | $25,269 |
| Benefits paid out | $602,568 |
| Net assets, start / end of year | $6.9M / $8.1M |
| Active participants, start / end of year | 410 / 766 |
| Participants with account balances | 346 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rubin Brown |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $34,297 reported compensation |
| Moneta Group Investment Advisors | $25,269 reported compensation |
| Forvis Mazars | $11,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010115906NAL0008105985001, received 2025-10-10, EIN 37-1211032, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.