Future Electronics Corp. 401(k) Review & Grade
Future Group of Companies 401(k) Retirement Savings Plan
Southhaven, MSWholesale Trade642 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,307Employer $ per active participant
$8,911Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$137.7MNet plan assets, end of year
$162,189Average balance per account
Score breakdown
- Employer generosity17.2 / 5034th percentile for employer $ per participant
- Low cost21.0 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 84th |
| Employee saving | 91th |
| 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
- Future Electronics put in about $1,307 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.
- 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.
- 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 | $838,133 |
| Participant (employee) contributions | $5,716,337 |
| Other contributions (incl. rollovers in) | $395,008 |
| Administrative expenses paid from the plan | $83,356 |
| Investment advisory & management fees | $31,021 |
| Benefits paid out | $20,235,643 |
| Net assets, start / end of year | $132.0M / $137.7M |
| Active participants, start / end of year | 670 / 613 |
| Participants with account balances | 849 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $52,635 reported compensation |
| Strategic Advisors, Inc. | $19,021 reported compensation |
| Mma Securities LLC | $12,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015092856NAL0002082131001, received 2025-10-15, EIN 04-2507468, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.