Con Am Management Corporation 401(k) Review & Grade
Con Am 401k Retirement Plan
San Diego, CAReal Estate & Rental1,605 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$337Employer $ per active participant
$1,967Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$37.6MNet plan assets, end of year
$44,576Average balance per account
Score breakdown
- Employer generosity7.6 / 5015th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score18 / 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 | 15th |
| Lower admin cost | 26th |
| Employee saving | 25th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $29,911 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Con Am Management put in about $337 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 (0.46% 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.
- 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 | $540,203 |
| Participant (employee) contributions | $3,156,871 |
| Other contributions (incl. rollovers in) | $205,342 |
| Administrative expenses paid from the plan | $166,955 |
| Contract administrator fees | −$12,840 |
| Investment advisory & management fees | $53,539 |
| Other admin expenses | $67,846 |
| Benefits paid out | $5,586,471 |
| Net assets, start / end of year | $35.4M / $37.6M |
| Active participants, start / end of year | 1,608 / 1,602 |
| Participants with account balances | 844 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wright Ford Young & Co |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $606,070 reported compensation |
| NFP Retirement Inc | $53,539 reported compensation |
| Wright Ford Young & Co | $15,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009165029NAL0011406080001, received 2025-10-09, EIN 95-3809553, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.