Soft Computer Consultants, Inc. 401(k) Review & Grade
New Horizons 401(k) Plan
Clearwater, FLProfessional, Scientific & Technical Services532 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,619Employer $ per active participant
$8,053Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$99.3MNet plan assets, end of year
$151,812Average balance per account
Score breakdown
- Employer generosity14.1 / 5028th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 67th |
| Employee saving | 42th |
| Peers that auto-enroll | 48% |
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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
- Soft Computer Consultants put in about $1,619 per active participant, below the typical peer ($3,082). 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.
- 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 | $862,312 |
| Participant (employee) contributions | $4,288,211 |
| Other contributions (incl. rollovers in) | $74,925 |
| Administrative expenses paid from the plan | $126,604 |
| Investment advisory & management fees | $65,829 |
| Benefits paid out | $8,418,237 |
| Net assets, start / end of year | $90.6M / $99.3M |
| Active participants, start / end of year | 539 / 526 |
| Participants with account balances | 654 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PDR |
Largest service providers (Schedule C)
| Adp, Inc. | $75,951 reported compensation |
| Raymond James Financial Service | $40,027 reported compensation |
| PDR Cpas Advisors | $10,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250725052536NAL0015958002001, received 2025-07-25, EIN 11-2618085, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.