Ac&t Company, Inc. 401(k) Review & Grade
Ac&t Company, Inc. 401(k) Profit Sharing Plan
Hagerstown, MDRetail Trade572 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,263Employer $ per active participant
$1,348Employee $ saved per active participant
0.63%Direct admin cost, % of plan assets
$23.7MNet plan assets, end of year
$56,178Average balance per account
Score breakdown
- Employer generosity35.1 / 5070th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 16th |
| Employee saving | 22th |
| 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
- Ac&t Company put in about $1,263 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.63% 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 | $722,214 |
| Participant (employee) contributions | $771,221 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $143,692 |
| Contract administrator fees | $119,241 |
| Investment advisory & management fees | $5,538 |
| Other admin expenses | $18,913 |
| Benefits paid out | $1,880,320 |
| Net assets, start / end of year | $21.7M / $23.7M |
| Active participants, start / end of year | 623 / 521 |
| Participants with account balances | 422 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith Elliott Kearns & Company, LLC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $114,009 reported compensation |
| Cbiz Investment Advisory Services, | $32,571 reported compensation |
| Cbiz Benefits & Insurance Services | $20,606 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260414133826NAL0024461632001, received 2026-04-14, EIN 52-0715156, plan #002, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.