American Incorporated 401(k) Review & Grade
American Incorporated 401(k) Plan
Visalia, CAConstruction614 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,806Employer $ per active participant
$1,814Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$38.0MNet plan assets, end of year
$66,243Average balance per account
Score breakdown
- Employer generosity48.5 / 5097th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 35th |
| Employee saving | 19th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($28,502 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- American Incorporated put in about $8,806 per active participant, more than the typical peer ($1,672). 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 (0.35% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $5,411,160 |
| Participant (employee) contributions | $1,114,723 |
| Other contributions (incl. rollovers in) | $178,562 |
| Administrative expenses paid from the plan | $124,183 |
| Benefits paid out | $3,962,106 |
| Net assets, start / end of year | $32.2M / $38.0M |
| Active participants, start / end of year | 593 / 636 |
| Participants with account balances | 574 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cuttone & Mastro, Cpa's |
Largest service providers (Schedule C)
| Rpa Financial LLC | $63,947 reported compensation |
| Empower Annuity Insurance Company | $51,966 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828171636NAL0005646995001, received 2025-08-28, EIN 94-2233668, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.