Flexential Corp. 401(k) Review & Grade
Flexential Corp. 401(k) Plan
Charlotte, NCProfessional, Scientific & Technical Services889 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,725Employer $ per active participant
$9,329Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$100.1MNet plan assets, end of year
$78,219Average balance per account
Score breakdown
- Employer generosity30.2 / 5060th percentile for employer $ per participant
- Low cost18.1 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 72th |
| Employee saving | 53th |
| 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
- Flexential put in about $3,725 per active participant, more than the typical peer ($3,082). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $3,311,287 |
| Participant (employee) contributions | $8,293,286 |
| Other contributions (incl. rollovers in) | $496,148 |
| Administrative expenses paid from the plan | $99,193 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $36,928 |
| Benefits paid out | $9,083,337 |
| Net assets, start / end of year | $84.8M / $100.1M |
| Active participants, start / end of year | 830 / 948 |
| Participants with account balances | 1,280 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $62,265 reported compensation |
| Strategic Advisors, Inc. | $36,928 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006134910NAL0003712929001, received 2025-10-06, EIN 59-3638780, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.