R. H. Foster Energy, LLC 401(k) Review & Grade
R. H. Foster Energy, LLC Retirement Plan
Hampden, MEWholesale Trade532 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$671Employer $ per active participant
$1,300Employee $ saved per active participant
0.72%Direct admin cost, % of plan assets
$14.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.1 / 5012th percentile for employer $ per participant
- Low cost3.1 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score3 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 12th |
| Employee saving | 6th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- R. H. Foster Energy put in about $671 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.
- Direct plan expenses (0.72% 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 | $356,902 |
| Participant (employee) contributions | $691,759 |
| Other contributions (incl. rollovers in) | $124,788 |
| Administrative expenses paid from the plan | $98,682 |
| Contract administrator fees | $25,220 |
| Investment advisory & management fees | $73,462 |
| Benefits paid out | $861,516 |
| Net assets, start / end of year | $13.0M / $14.6M |
| Active participants, start / end of year | 538 / 526 |
| Participants with account balances | 186 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdmp Assurance, LLP |
Largest service providers (Schedule C)
| Fisher Asset Management LLC | $73,462 reported compensation |
| Principal Life Insurance Company | $25,220 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013110234NAL0002580898001, received 2025-10-13, EIN 01-0524966, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.