Colwen Management, Inc. 401(k) Review & Grade
Colwen Management, Inc. 401(k) Benefit Plan
Portsmouth, NHReal Estate & Rental1,351 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$550Employer $ per active participant
$963Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$16.3MNet plan assets, end of year
$22,591Average balance per account
Score breakdown
- Employer generosity11.9 / 5024th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 34th |
| Employee saving | 8th |
| Peers that auto-enroll | 47% |
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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 ($553,167 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $1,494 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Colwen Management put in about $550 per active participant, below the typical peer ($1,279). 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.
- Direct plan expenses (0.36% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $743,202 |
| Participant (employee) contributions | $1,300,668 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $54,334 |
| Investment advisory & management fees | $54,334 |
| Benefits paid out | $1,120,179 |
| Net assets, start / end of year | $13.6M / $16.3M |
| Active participants, start / end of year | 1,833 / 869 |
| Participants with account balances | 721 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Tawney, PLLC |
Largest service providers (Schedule C)
| Nationwide | $112,917 reported compensation |
| Commonwealth Financial Network | $76,923 reported compensation |
| Nationwide | $5,610 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010162635NAL0012996672001, received 2025-10-10, EIN 02-0526858, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.