Acuren Inspection, Inc. 401(k) Review & Grade
Acuren Inspection, Inc. Retirement Savings Plan
Danbury, CTProfessional, Scientific & Technical Services3,409 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$973Employer $ per active participant
$3,533Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$148.7MNet plan assets, end of year
$57,023Average balance per account
Score breakdown
- Employer generosity10.2 / 5020th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 33th |
| Employee saving | 19th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $71,481 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Acuren Inspection put in about $973 per active participant, below the typical peer ($2,951). 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 (0.21% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $3,316,166 |
| Participant (employee) contributions | $12,044,450 |
| Other contributions (incl. rollovers in) | $3,991,054 |
| Administrative expenses paid from the plan | $290,446 |
| Investment advisory & management fees | $7,500 |
| Benefits paid out | $18,937,611 |
| Net assets, start / end of year | $130.1M / $148.7M |
| Active participants, start / end of year | 3,414 / 3,404 |
| Participants with account balances | 2,607 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clifton Larson Allen LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $217,036 reported compensation |
| Forvis Mazars, LLP | $35,700 reported compensation |
| Cliftonlarsonallen LLP | $16,710 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910120743NAL0013153171001, received 2025-09-10, EIN 75-2332601, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.