Cable One, Inc. 401(k) Review & Grade
Cable One 401(k) Plan
Phoenix, AZEducational Services2,209 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,067Employer $ per active participant
$5,828Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$247.2MNet plan assets, end of year
$99,717Average balance per account
Score breakdown
- Employer generosity42.3 / 5085th percentile for employer $ per participant
- Low cost16.1 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 64th |
| Employee saving | 83th |
| Peers that auto-enroll | 37% |
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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 ($2,582 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
- Cable One put in about $3,067 per active participant, more than the typical peer ($1,225). 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 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 | $6,774,949 |
| Participant (employee) contributions | $12,873,095 |
| Other contributions (incl. rollovers in) | $661,004 |
| Administrative expenses paid from the plan | $352,309 |
| Other admin expenses | $352,309 |
| Benefits paid out | $47,850,490 |
| Net assets, start / end of year | $241.8M / $247.2M |
| Active participants, start / end of year | 2,295 / 2,123 |
| Participants with account balances | 2,479 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $311,561 reported compensation |
| Vanguard Advisers Inc. | $50,948 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731133043NAL0006120913001, received 2025-07-31, EIN 13-3060083, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.