Recordxtechnolgies DBA Ontellus 401(k) Review & Grade
Ontellus 401(k) Plan
Houston, TXAdministrative, Support & Staffing Services548 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,618Employer $ per active participant
$3,272Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$17.5MNet plan assets, end of year
$42,178Average balance per account
Score breakdown
- Employer generosity36.3 / 5072th percentile for employer $ per participant
- Low cost9.1 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1565th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 37th |
| Employee saving | 65th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,191 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Recordxtechnolgies DBA Ontellus put in about $1,618 per active participant, more than the typical peer ($712). 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.
- 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 | $886,828 |
| Participant (employee) contributions | $1,793,085 |
| Other contributions (incl. rollovers in) | $159,464 |
| Administrative expenses paid from the plan | $55,461 |
| Investment advisory & management fees | $45,123 |
| Benefits paid out | $2,623,277 |
| Net assets, start / end of year | $15.4M / $17.5M |
| Active participants, start / end of year | 568 / 528 |
| Participants with account balances | 415 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hoffman, Short, Rubin, Dewinter, SA |
Largest service providers (Schedule C)
| Kestra Investment Services LLC | $27,972 reported compensation |
| Relation Wealth Management Inc | $10,523 reported compensation |
| Fidelity Investments Institutional | $10,338 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001101627NAL0014073584001, received 2025-10-01, EIN 47-2853876, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.