Subcom, LLC 401(k) Review & Grade
Subcom Savings Plan
Eatontown, NJConstruction1,519 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,311Employer $ per active participant
$9,584Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$222.6MNet plan assets, end of year
$123,503Average balance per account
Score breakdown
- Employer generosity44.7 / 5089th percentile for employer $ per participant
- Low cost22.3 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 89th |
| Employee saving | 93th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $35,735 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Subcom put in about $5,311 per active participant, more than the typical peer ($1,672). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $8,067,210 |
| Participant (employee) contributions | $14,557,990 |
| Other contributions (incl. rollovers in) | $5,024,037 |
| Administrative expenses paid from the plan | $89,359 |
| Contract administrator fees | $600 |
| Benefits paid out | $21,044,897 |
| Net assets, start / end of year | $186.7M / $222.6M |
| Active participants, start / end of year | 1,481 / 1,557 |
| Participants with account balances | 1,802 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $89,359 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010073640NAL0007334353001, received 2025-10-10, EIN 22-3138465, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.