Adams and Associates, Inc. 401(k) Review & Grade
Adams and Associates 401(k) Savings Plan
Reno, NVEducational Services1,790 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,520Employer $ per active participant
$1,030Employee $ saved per active participant
0.68%Direct admin cost, % of plan assets
$36.1MNet plan assets, end of year
$24,814Average balance per account
Score breakdown
- Employer generosity29.4 / 5059th percentile for employer $ per participant
- Low cost3.4 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 14th |
| Employee saving | 12th |
| Peers that auto-enroll | 37% |
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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
- Adams and Associates put in about $1,520 per active participant, more than the typical peer ($1,225). 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 (0.68% 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 | $2,720,869 |
| Participant (employee) contributions | $1,844,130 |
| Other contributions (incl. rollovers in) | $1,485,563 |
| Administrative expenses paid from the plan | $233,416 |
| Contract administrator fees | $233,416 |
| Benefits paid out | $5,962,313 |
| Net assets, start / end of year | $32.4M / $36.1M |
| Active participants, start / end of year | 1,720 / 1,860 |
| Participants with account balances | 1,453 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $233,415 reported compensation |
| Securities America, Inc | $44,615 reported compensation |
| Osaic Wealth Inc | $15,538 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133309NAL0001465619001, received 2025-10-14, EIN 88-0263693, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.