Colinx 401(k) Review & Grade
Colinx Retirement Savings Plan
Greenville, SCTransportation & Warehousing974 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,429Employer $ per active participant
$2,974Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$51.2MNet plan assets, end of year
$45,149Average balance per account
Score breakdown
- Employer generosity38.9 / 5078th percentile for employer $ per participant
- Low cost16.8 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 67th |
| Employee saving | 49th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $48,562 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Colinx put in about $2,429 per active participant, more than the typical peer ($1,070). 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.
- 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 | $2,365,510 |
| Participant (employee) contributions | $2,896,192 |
| Other contributions (incl. rollovers in) | $524,162 |
| Administrative expenses paid from the plan | $61,731 |
| Investment advisory & management fees | $14,596 |
| Other admin expenses | $20,800 |
| Benefits paid out | $5,932,902 |
| Net assets, start / end of year | $44.4M / $51.2M |
| Active participants, start / end of year | 992 / 956 |
| Participants with account balances | 1,133 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Elliott Davis LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $26,335 reported compensation |
| Comperio Retirement Consulting, in | $20,800 reported compensation |
| Strategic Advisors, Inc. | $14,596 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002180734NAL0000487507001, received 2025-10-02, EIN 57-1112798, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.