Alcom, LLC 401(k) Review & Grade
Alcom, LLC 401(k) Plan
Winslow, MEManufacturing1,072 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$815Employer $ per active participant
$1,109Employee $ saved per active participant
1.37%Direct admin cost, % of plan assets
$15.6MNet plan assets, end of year
$16,234Average balance per account
Score breakdown
- Employer generosity6.3 / 5013th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 3th |
| Employee saving | 4th |
| Peers that auto-enroll | 59% |
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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
- Alcom put in about $815 per active participant, below the typical peer ($2,320). 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 (1.37% 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.
- 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 | $873,656 |
| Participant (employee) contributions | $1,188,483 |
| Other contributions (incl. rollovers in) | $162,078 |
| Administrative expenses paid from the plan | $209,671 |
| Contract administrator fees | $36,625 |
| Investment advisory & management fees | $63,567 |
| Benefits paid out | $3,346,051 |
| Net assets, start / end of year | $14.9M / $15.6M |
| Active participants, start / end of year | 1,183 / 961 |
| Participants with account balances | 962 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Long & Associates P.C. |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $109,479 reported compensation |
| Choice Weatlh Advisors | $49,986 reported compensation |
| The Rose Financial Group, LLC | $44,534 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730144125NAL0002009859001, received 2025-07-30, EIN 84-1692055, plan #101, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.