Unitek Learning Education Group Corp. 401(k) Review & Grade

Unitek 401(k) Plan

Newport Beach, CAEducational Services1,542 active participantsPlan year 2024

Estimate from the plan's Form 5500 filing · How we grade

$652Employer $ per active participant

$2,512Employee $ saved per active participant

0.58%Direct admin cost, % of plan assets

$33.9MNet plan assets, end of year

$30,004Average balance per account

Score breakdown

Employer generosity11.5 / 50
23th percentile for employer $ per participant
Low cost4.7 / 25
19th percentile for low admin cost vs. same-size plans
Employee saving7.0 / 15
47th percentile for employee $ per participant
Plan features3 / 10
Default investment
Red-flag deductions-10 pts
1 issue reported on the filing

Total score16 / 100 · Grade F

This plan vs. peers

Peers: Educational Services plans with 500–2,499 active participants (144 plans).

Measure	Percentile
Employer $ per participant	23th
Lower admin cost	19th
Employee saving	47th
Peers that auto-enroll	37%

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Red flags from the filing

Late deposits: the filing says some employee contributions were not sent to the plan on time ($134,239 reported). That's money taken from paychecks that sat with the employer longer than the law allows.

What to do if you're in this plan

Unitek Learning Education Group put in about $652 per active participant, below the typical peer ($1,225). 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 (0.58% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
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	$1,004,948
Participant (employee) contributions	$3,875,297
Other contributions (incl. rollovers in)	$444,980
Administrative expenses paid from the plan	$172,488
Contract administrator fees	$165,668
Other admin expenses	$6,820
Benefits paid out	$4,333,702
Net assets, start / end of year	$25.8M / $33.9M
Active participants, start / end of year	1,438 / 1,647
Participants with account balances	1,129
Auto-enrollment (feature code 2S)	Not reported
Auditor	Almich and Associates

Largest service providers (Schedule C)

Empower Annuity Ins Co of America	$121,011 reported compensation
One Digital Investment Advisors LLC	$30,000 reported compensation
Resources Investment Advisors LLC	$12,573 reported compensation

Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013174429NAL0003850482001, received 2025-10-13, EIN 84-3760384, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.