Point Quest, Inc. 401(k) Review & Grade
Point Quest, Inc. 401(k) Plan & Trust · d/b/a Point Quest, Inc.
Elk Grove, CAEducational Services1,358 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$691Employer $ per active participant
$1,457Employee $ saved per active participant
0.63%Direct admin cost, % of plan assets
$8.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.2 / 5024th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 16th |
| Employee saving | 19th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,878 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Point Quest put in about $691 per active participant, below the typical peer ($1,225). 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 (0.63% 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 | $938,361 |
| Participant (employee) contributions | $1,978,433 |
| Other contributions (incl. rollovers in) | $291,111 |
| Administrative expenses paid from the plan | $45,859 |
| Investment advisory & management fees | $28,723 |
| Benefits paid out | $1,192,287 |
| Net assets, start / end of year | $5.9M / $8.8M |
| Active participants, start / end of year | 1,231 / 1,484 |
| Participants with account balances | 591 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lee CPA Group |
Largest service providers (Schedule C)
| Rpa Financial, LLC | $51,690 reported compensation |
| Adp Inc. | $17,951 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013181710NAL0001826849001, received 2025-10-13, EIN 81-1930459, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.