C&w Facility Services, Inc. 401(k) Review & Grade
C&w Services Security Fund 401(k) Plan
Needham, MAAdministrative, Support & Staffing Services748 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$361Employer $ per active participant
$1,621Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$15.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.9 / 5038th percentile for employer $ per participant
- Low cost10.9 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 44th |
| Employee saving | 47th |
| Peers that auto-enroll | 27% |
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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 $25,347 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- C&w Facility Services put in about $361 per active participant, below the typical peer ($712). 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.
- 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.
- 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 | $270,363 |
| Participant (employee) contributions | $1,212,613 |
| Other contributions (incl. rollovers in) | $39,680 |
| Administrative expenses paid from the plan | $39,124 |
| Investment advisory & management fees | $8,116 |
| Benefits paid out | $1,650,167 |
| Net assets, start / end of year | $13.4M / $15.0M |
| Active participants, start / end of year | 741 / 755 |
| Participants with account balances | 200 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $31,008 reported compensation |
| Strategic Advisors, Inc. | $8,116 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905104325NAL0017123393001, received 2025-09-05, EIN 77-0698582, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.