Abb/con-Cise Optical Group LLC 401(k) Review & Grade
Abb Optical Group
Coral Springs, FLWholesale Trade1,530 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,517Employer $ per active participant
$3,743Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$68.2MNet plan assets, end of year
$38,372Average balance per account
Score breakdown
- Employer generosity20.3 / 5041th percentile for employer $ per participant
- Low cost8.4 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 33th |
| Employee saving | 35th |
| Peers that auto-enroll | 53% |
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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
- Abb/con-Cise Optical Group put in about $1,517 per active participant, below the typical peer ($1,792). 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 (0.37% 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 | $2,321,769 |
| Participant (employee) contributions | $5,726,863 |
| Other contributions (incl. rollovers in) | $1,133,792 |
| Administrative expenses paid from the plan | $235,495 |
| Contract administrator fees | $235,495 |
| Benefits paid out | $6,884,855 |
| Net assets, start / end of year | $60.2M / $68.2M |
| Active participants, start / end of year | 1,511 / 1,549 |
| Participants with account balances | 1,778 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ahearn, Jasco + Company, P.A. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $235,495 reported compensation |
| Sageview Advisory Consulting Group | $90,165 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013141531NAL0000697811001, received 2025-10-13, EIN 51-0626564, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.