Alsco Inc. 401(k) Review & Grade
Alsco 401(k) Savings Plan
Salt Lake City, UTOther Services4,801 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,654Employer $ per active participant
$3,593Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$345.8MNet plan assets, end of year
$54,954Average balance per account
Score breakdown
- Employer generosity37.8 / 5076th percentile for employer $ per participant
- Low cost13.6 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 54th |
| Employee saving | 56th |
| Peers that auto-enroll | 45% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $1,078 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Alsco put in about $2,654 per active participant, more than the typical peer ($1,132). 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.
- 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 | $12,743,515 |
| Participant (employee) contributions | $17,249,035 |
| Other contributions (incl. rollovers in) | $2,071,678 |
| Administrative expenses paid from the plan | $356,315 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $95,189 |
| Benefits paid out | $42,375,409 |
| Net assets, start / end of year | $306.4M / $345.8M |
| Active participants, start / end of year | 4,222 / 5,380 |
| Participants with account balances | 6,293 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $261,126 reported compensation |
| Strategic Advisors, Inc. | $95,189 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250822154305NAL0005427857001, received 2025-08-22, EIN 87-0252999, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.