Zoe Holding Company, Inc. 401(k) Review & Grade
Zoe Holding Company, Inc 401(k) Plan
Scottsdale, AZAdministrative, Support & Staffing Services2,474 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9Employer $ per active participant
$154Employee $ saved per active participant
1.13%Direct admin cost, % of plan assets
$4.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.3 / 5010th percentile for employer $ per participant
- Low cost1.3 / 255th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 5th |
| Employee saving | 8th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $32,069 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Zoe Holding Company put in about $9 per active participant, below the typical peer ($712). 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 (1.13% 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.
- 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 | $23,423 |
| Participant (employee) contributions | $381,696 |
| Other contributions (incl. rollovers in) | $38,959 |
| Administrative expenses paid from the plan | $52,124 |
| Contract administrator fees | $52,124 |
| Benefits paid out | $957,413 |
| Net assets, start / end of year | $4.6M / $4.6M |
| Active participants, start / end of year | 2,198 / 2,749 |
| Participants with account balances | 295 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Tull, Forsberg & Olson, PLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $52,124 reported compensation |
| Cbiz Investment Advisory Services, | $16,163 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013171546NAL0001763793001, received 2025-10-13, EIN 86-0929639, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.