Consumer Cellular Inc 401(k) Review & Grade
Consumer Cellular Inc 401(k) Profit Sharing Plan & Trust
Scottsdale, AZProfessional, Scientific & Technical Services2,860 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,407Employer $ per active participant
$1,952Employee $ saved per active participant
0.64%Direct admin cost, % of plan assets
$55.9MNet plan assets, end of year
$34,686Average balance per account
Score breakdown
- Employer generosity12.4 / 5025th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 9th |
| Employee saving | 11th |
| Peers that auto-enroll | 47% |
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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
- Consumer Cellular put in about $1,407 per active participant, below the typical peer ($2,951). 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 (0.64% 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.
- 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 | $4,024,127 |
| Participant (employee) contributions | $5,583,560 |
| Other contributions (incl. rollovers in) | $2,136,416 |
| Administrative expenses paid from the plan | $320,551 |
| Contract administrator fees | $35,000 |
| Investment advisory & management fees | $53,238 |
| Benefits paid out | $7,122,224 |
| Net assets, start / end of year | $44.9M / $55.9M |
| Active participants, start / end of year | 3,127 / 2,594 |
| Participants with account balances | 1,613 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kuenzi & Company LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $190,073 reported compensation |
| Aldrich Wealth Limited Partnership | $50,566 reported compensation |
| Prime Retirement Solutions LLC | $35,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250701101505NAL0006957331001, received 2025-07-01, EIN 93-1178435, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.