Accurate Background, LLC 401(k) Review & Grade
Accurate Background 401(k) Plan
Irvine, CAAdministrative, Support & Staffing Services584 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,549Employer $ per active participant
$5,890Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$42.4MNet plan assets, end of year
$51,279Average balance per account
Score breakdown
- Employer generosity42.6 / 5085th percentile for employer $ per participant
- Low cost10.1 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 41th |
| Employee saving | 83th |
| Peers that auto-enroll | 27% |
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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
- Accurate Background put in about $2,549 per active participant, more than the typical peer ($712). 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 | $1,488,449 |
| Participant (employee) contributions | $3,439,752 |
| Other contributions (incl. rollovers in) | $2,280,612 |
| Administrative expenses paid from the plan | $113,656 |
| Investment advisory & management fees | $40,000 |
| Benefits paid out | $3,542,956 |
| Net assets, start / end of year | $33.7M / $42.4M |
| Active participants, start / end of year | 593 / 575 |
| Participants with account balances | 826 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Haskell & White LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $57,531 reported compensation |
| Global Retirement Partners LLC | $40,000 reported compensation |
| Haskell White LLP | $16,125 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010123906NAL0008167601001, received 2025-10-10, EIN 33-0796904, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.