Azo Services, Inc. 401(k) Review & Grade
Azo Services Inc 401(k) Retirements Savings Plan
Kalamazoo, MIProfessional, Scientific & Technical Services721 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,219Employer $ per active participant
$2,687Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$47.4MNet plan assets, end of year
$56,246Average balance per account
Score breakdown
- Employer generosity18.2 / 5036th percentile for employer $ per participant
- Low cost24.8 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 99th |
| Employee saving | 13th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Azo Services put in about $2,219 per active participant, below the typical peer ($3,082). 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 | $1,599,883 |
| Participant (employee) contributions | $1,937,181 |
| Other contributions (incl. rollovers in) | $114,814 |
| Administrative expenses paid from the plan | $1,435 |
| Benefits paid out | $4,068,835 |
| Net assets, start / end of year | $42.6M / $47.4M |
| Active participants, start / end of year | 707 / 735 |
| Participants with account balances | 842 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brink, Key & Chudzinski |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006101007NAL0001979347001, received 2025-10-06, EIN 38-3325888, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.