Cpi Security Systems, Inc. 401(k) Review & Grade
Cpi Security Systems, Inc. 401(k) Plan
Charlotte, NCAdministrative, Support & Staffing Services670 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,720Employer $ per active participant
$4,424Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$40.7MNet plan assets, end of year
$54,382Average balance per account
Score breakdown
- Employer generosity37.3 / 5074th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 27th |
| Employee saving | 74th |
| Peers that auto-enroll | 27% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Cpi Security Systems put in about $1,720 per active participant, more than the typical peer ($712). 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.
- Direct plan expenses (0.44% 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 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 | $1,153,056 |
| Participant (employee) contributions | $2,966,627 |
| Other contributions (incl. rollovers in) | $341,711 |
| Administrative expenses paid from the plan | $168,051 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $69,714 |
| Benefits paid out | $3,499,368 |
| Net assets, start / end of year | $35.0M / $40.7M |
| Active participants, start / end of year | 605 / 736 |
| Participants with account balances | 748 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $98,337 reported compensation |
| Wells Fargo Clearing Services LLC | $69,714 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250724130840NAL0013491490001, received 2025-07-24, EIN 56-1756569, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.