Holden Conner Conmac, LLC 401(k) Review & Grade
Conmac Investments, Inc. 401(k) Profit Sharing Plan
Weiner, ARWholesale Trade1,128 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,796Employer $ per active participant
$2,815Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$54.8MNet plan assets, end of year
$69,592Average balance per account
Score breakdown
- Employer generosity25.1 / 5050th percentile for employer $ per participant
- Low cost21.6 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 86th |
| Employee saving | 20th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($48,824 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Holden Conner Conmac put in about $1,796 per active participant, more than the typical peer ($1,792). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,025,515 |
| Participant (employee) contributions | $3,173,860 |
| Other contributions (incl. rollovers in) | $191,728 |
| Administrative expenses paid from the plan | $27,597 |
| Contract administrator fees | $24,967 |
| Investment advisory & management fees | $2,630 |
| Benefits paid out | $5,466,007 |
| Net assets, start / end of year | $48.7M / $54.8M |
| Active participants, start / end of year | 1,128 / 1,127 |
| Participants with account balances | 788 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | K Coe Isom LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $25,033 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929131003NAL0011326417001, received 2025-09-29, EIN 71-0502347, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.