Beacon Mobility Corp. 401(k) Review & Grade
Beacon Mobility Transportation Employee Retirement Plan
Akron, OHTransportation & Warehousing9,614 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$486Employer $ per active participant
$949Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$89.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.0 / 5014th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving1.4 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 15th |
| Employee saving | 9th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $93,240 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Beacon Mobility put in about $486 per active participant, below the typical peer ($1,834). 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 (0.45% of assets) are well above similar-size plans (0.12%). 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 | $4,672,508 |
| Participant (employee) contributions | $9,120,230 |
| Other contributions (incl. rollovers in) | $2,400,776 |
| Administrative expenses paid from the plan | $324,870 |
| Investment advisory & management fees | $100,639 |
| Benefits paid out | $13,052,802 |
| Net assets, start / end of year | $54.4M / $89.4M |
| Active participants, start / end of year | 9,496 / 9,731 |
| Participants with account balances | 3,318 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Meaden & Moore LTD |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $223,156 reported compensation |
| Creative Planning LLC | $78,287 reported compensation |
| Empower Advisory Group, LLC | $22,352 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014090122NAL0002366993001, received 2025-10-14, EIN 46-5084167, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.