Confie Holding II Co. 401(k) Review & Grade
Confie Holding II Co. 401(k) Plan
Huntington Beach, CAFinance & Insurance3,684 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$671Employer $ per active participant
$2,957Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$77.1MNet plan assets, end of year
$20,457Average balance per account
Score breakdown
- Employer generosity2.0 / 504th percentile for employer $ per participant
- Low cost4.3 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score7 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 17th |
| Employee saving | 2th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Confie Holding II put in about $671 per active participant, below the typical peer ($4,489). 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 (0.39% of assets) are well above similar-size plans (0.12%). 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 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 | $2,472,883 |
| Participant (employee) contributions | $10,895,155 |
| Other contributions (incl. rollovers in) | $1,636,604 |
| Administrative expenses paid from the plan | $255,989 |
| Benefits paid out | $9,717,144 |
| Net assets, start / end of year | $54.0M / $77.1M |
| Active participants, start / end of year | 2,892 / 4,476 |
| Participants with account balances | 3,769 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lucas, Horsfall, Murphy & Pindroh |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $207,238 reported compensation |
| Lucas, Horsfall, Murphy & Pindorh, | $48,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010201120NAL0004483907001, received 2025-10-10, EIN 30-0448954, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.