Cohen Sequoia Enterprises, LTD. 401(k) Review & Grade
Cohen & Company, LTD. Profit Sharing/401(k) Plan
Cleveland, OHProfessional, Scientific & Technical Services733 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,407Employer $ per active participant
$9,052Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$76.1MNet plan assets, end of year
$84,770Average balance per account
Score breakdown
- Employer generosity19.8 / 5040th percentile for employer $ per participant
- Low cost23.4 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 93th |
| Employee saving | 50th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Cohen Sequoia Enterprises put in about $2,407 per active participant, below the typical peer ($3,082). 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.
- 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 | $1,764,257 |
| Participant (employee) contributions | $6,634,834 |
| Other contributions (incl. rollovers in) | $3,660,075 |
| Administrative expenses paid from the plan | $18,710 |
| Investment advisory & management fees | $1,919 |
| Benefits paid out | $4,423,183 |
| Net assets, start / end of year | $61.1M / $76.1M |
| Active participants, start / end of year | 683 / 783 |
| Participants with account balances | 898 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Corbets & Associates, Inc |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $18,013 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014111144NAL0002716561002, received 2025-10-14, EIN 26-4094604, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.