Readerlink Distribution Services, LLC 401(k) Review & Grade
Readerlink Distribution Services, LLC Retirement Savings Plan
Oak Brook, ILWholesale Trade1,466 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,752Employer $ per active participant
$4,194Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$108.6MNet plan assets, end of year
$54,388Average balance per account
Score breakdown
- Employer generosity24.5 / 5049th percentile for employer $ per participant
- Low cost14.0 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 56th |
| Employee saving | 42th |
| 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 ($264,224 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
- Readerlink Distribution Services put in about $1,752 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,567,862 |
| Participant (employee) contributions | $6,148,069 |
| Other contributions (incl. rollovers in) | $797,848 |
| Administrative expenses paid from the plan | $199,833 |
| Investment advisory & management fees | $22,500 |
| Benefits paid out | $17,483,634 |
| Net assets, start / end of year | $102.9M / $108.6M |
| Active participants, start / end of year | 1,527 / 1,405 |
| Participants with account balances | 1,996 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Vrakas S.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $89,789 reported compensation |
| The Vanguard Group Inc | $87,544 reported compensation |
| Creative Planning Holdco LLC DBA CR | $22,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250904121218NAL0010024483001, received 2025-09-04, EIN 36-4324269, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.