Data Systems, Inc. 401(k) Review & Grade
Data Systems, Inc. Profit Sharing Plan and Trust
Omaha, NEWholesale Trade516 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$870Employer $ per active participant
$4,574Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$40.2MNet plan assets, end of year
$67,217Average balance per account
Score breakdown
- Employer generosity9.6 / 5019th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 26th |
| Employee saving | 48th |
| Peers that auto-enroll | 53% |
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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
- Data Systems put in about $870 per active participant, below the typical peer ($1,792). 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.
- 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 | $449,263 |
| Participant (employee) contributions | $2,362,638 |
| Other contributions (incl. rollovers in) | $595,213 |
| Administrative expenses paid from the plan | $176,002 |
| Investment advisory & management fees | $100,961 |
| Benefits paid out | $4,215,788 |
| Net assets, start / end of year | $36.6M / $40.2M |
| Active participants, start / end of year | 522 / 511 |
| Participants with account balances | 598 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcmillen Dovai Co,p.c |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $78,465 reported compensation |
| Creative Planning Holdco LLC | $58,723 reported compensation |
| Morningstar Inc | $28,948 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009084752NAL0006703505002, received 2025-10-09, EIN 47-0465884, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.