Coghlin Companies, Inc. 401(k) Review & Grade
Coghlin Companies Employee Profit Sharing Plan and Trust
Westborough, MAWholesale Trade736 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,892Employer $ per active participant
$5,557Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$57.7MNet plan assets, end of year
$61,769Average balance per account
Score breakdown
- Employer generosity26.9 / 5054th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1563th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 45th |
| Employee saving | 63th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $46,146 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Coghlin Companies put in about $1,892 per active participant, more than the typical peer ($1,792). 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 | $1,393,122 |
| Participant (employee) contributions | $4,092,880 |
| Other contributions (incl. rollovers in) | $519,220 |
| Administrative expenses paid from the plan | $144,158 |
| Investment advisory & management fees | $88,414 |
| Other admin expenses | $22,040 |
| Benefits paid out | $4,516,350 |
| Net assets, start / end of year | $49.7M / $57.7M |
| Active participants, start / end of year | 773 / 700 |
| Participants with account balances | 934 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bollus Lynch LLP |
Largest service providers (Schedule C)
| Kestra Investment Services, LLC | $76,567 reported compensation |
| BDS Consulting Group, Inc. | $22,030 reported compensation |
| Fidelity Investments | $18,211 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014103105NAL0002528769001, received 2025-10-14, EIN 04-2923301, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.