Aas Services, LLC 401(k) Review & Grade
Aas Services, LLC 401(k) Plan
Lakewood, COFinance & Insurance633 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,149Employer $ per active participant
$1,949Employee $ saved per active participant
1.04%Direct admin cost, % of plan assets
$7.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.3 / 5011th percentile for employer $ per participant
- Low cost1.5 / 256th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 6th |
| Employee saving | 4th |
| Peers that auto-enroll | 62% |
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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 ($119,520 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
- Aas Services put in about $1,149 per active participant, below the typical peer ($3,606). 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.
- Direct plan expenses (1.04% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $727,254 |
| Participant (employee) contributions | $1,233,858 |
| Other contributions (incl. rollovers in) | $23,326 |
| Administrative expenses paid from the plan | $74,729 |
| Contract administrator fees | $46,786 |
| Investment advisory & management fees | $27,943 |
| Benefits paid out | $2,609,797 |
| Net assets, start / end of year | $7.2M / $7.3M |
| Active participants, start / end of year | 703 / 563 |
| Participants with account balances | 309 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $46,785 reported compensation |
| Global Retirement Partners | $22,193 reported compensation |
| Gallagher Fiduciary Advisors | $5,751 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260208213329NAL0000675377001, received 2026-02-08, EIN 26-2685053, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.