Railpros, Inc. 401(k) Review & Grade
Railpros, Inc. 401(k) Profit Sharing Plan and Trust
Irvine, CAProfessional, Scientific & Technical Services942 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,832Employer $ per active participant
$6,173Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$44.0MNet plan assets, end of year
$52,237Average balance per account
Score breakdown
- Employer generosity23.0 / 5046th percentile for employer $ per participant
- Low cost11.6 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 46th |
| Employee saving | 31th |
| Peers that auto-enroll | 48% |
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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 ($225 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $699 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Railpros put in about $2,832 per active participant, below the typical peer ($3,082). 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.
- 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 | $2,667,945 |
| Participant (employee) contributions | $5,814,878 |
| Other contributions (incl. rollovers in) | $323,248 |
| Administrative expenses paid from the plan | $104,356 |
| Contract administrator fees | $5,260 |
| Investment advisory & management fees | $46,147 |
| Benefits paid out | $6,844,167 |
| Net assets, start / end of year | $37.3M / $44.0M |
| Active participants, start / end of year | 850 / 1,034 |
| Participants with account balances | 842 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Fidelity Workplace Services, LLC | $58,208 reported compensation |
| PNC Bank National Association | $39,062 reported compensation |
| Bdo Wealth Advisors LLC | $7,085 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251027072211NAL0014549586001, received 2025-10-27, EIN 33-0905680, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.