Starfish Holdings, Inc. 401(k) Review & Grade
Starfish Holdings 401k Retirement Plan
Huntsville, ALProfessional, Scientific & Technical Services1,790 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,797Employer $ per active participant
$11,496Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$303.8MNet plan assets, end of year
$128,828Average balance per account
Score breakdown
- Employer generosity30.8 / 5062th percentile for employer $ per participant
- Low cost18.5 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1570th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 74th |
| Employee saving | 70th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,128 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Starfish Holdings put in about $3,797 per active participant, more than the typical peer ($3,082). 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 | $6,798,927 |
| Participant (employee) contributions | $20,583,605 |
| Other contributions (incl. rollovers in) | $12,656,127 |
| Administrative expenses paid from the plan | $278,525 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $159,419 |
| Other admin expenses | $939 |
| Benefits paid out | $72,310,366 |
| Net assets, start / end of year | $256.0M / $303.8M |
| Active participants, start / end of year | 1,705 / 1,876 |
| Participants with account balances | 2,358 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bmss, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $101,930 reported compensation |
| Strategic Advisors, Inc. | $99,409 reported compensation |
| Fiduciary First LLC | $60,010 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014135154NAL0001455411001, received 2025-10-14, EIN 47-1834100, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.