Detwilers Operations Inc. 401(k) Review & Grade
Detwilers Retirement Savings Plan
Sarasota, FLRetail Trade556 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$961Employer $ per active participant
$1,627Employee $ saved per active participant
0.63%Direct admin cost, % of plan assets
$7.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity29.9 / 5060th percentile for employer $ per participant
- Low cost3.9 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 16th |
| Employee saving | 27th |
| Peers that auto-enroll | 48% |
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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
- Detwilers Operations put in about $961 per active participant, more than the typical peer ($743). 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 (0.63% 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 | $534,812 |
| Participant (employee) contributions | $905,496 |
| Other contributions (incl. rollovers in) | $91,183 |
| Administrative expenses paid from the plan | $44,163 |
| Contract administrator fees | $27,963 |
| Investment advisory & management fees | $16,200 |
| Benefits paid out | $551,553 |
| Net assets, start / end of year | $6.1M / $7.9M |
| Active participants, start / end of year | 475 / 638 |
| Participants with account balances | 225 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Walters & Associates, Cpas |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Svcs | $28,429 reported compensation |
| Power Financial Partners | $15,734 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930155141NAL0012494209001, received 2025-09-30, EIN 47-2740643, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.