Remco, Inc. 401(k) Review & Grade
Remco, Inc. Employees 401(k) Plan
Mechanicsburg, PAConstruction729 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,612Employer $ per active participant
$5,272Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$45.4MNet plan assets, end of year
$55,958Average balance per account
Score breakdown
- Employer generosity23.9 / 5048th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 37th |
| Employee saving | 68th |
| Peers that auto-enroll | 44% |
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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
- Remco put in about $1,612 per active participant, below the typical peer ($1,672). 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.
- 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 | $1,175,162 |
| Participant (employee) contributions | $3,843,338 |
| Other contributions (incl. rollovers in) | $152,931 |
| Administrative expenses paid from the plan | $138,688 |
| Investment advisory & management fees | $25,000 |
| Other admin expenses | $25,000 |
| Benefits paid out | $3,348,108 |
| Net assets, start / end of year | $38.1M / $45.4M |
| Active participants, start / end of year | 621 / 837 |
| Participants with account balances | 811 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mckonly & Asbury LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $88,688 reported compensation |
| LPL Holdings Inc | $25,000 reported compensation |
| MML Investor Services LLC | $25,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828101406NAL0005446931001, received 2025-08-28, EIN 45-0468871, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.