Azoa Services Corporation 401(k) Review & Grade
Allianz Asset Accumulation Plan
Minneapolis, MNFinance & Insurance5,129 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$10,338Employer $ per active participant
$13,895Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$2.1BNet plan assets, end of year
$245,832Average balance per account
Score breakdown
- Employer generosity44.9 / 5090th percentile for employer $ per participant
- Low cost15.4 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 62th |
| Employee saving | 90th |
| Peers that auto-enroll | 66% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Azoa Services put in about $10,338 per active participant, more than the typical peer ($4,489). 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 | $53,022,000 |
| Participant (employee) contributions | $71,269,000 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $1,774,000 |
| Contract administrator fees | $82,589 |
| Investment advisory & management fees | $25,000 |
| Other admin expenses | $765,423 |
| Benefits paid out | $251,661,000 |
| Net assets, start / end of year | $2.0B / $2.1B |
| Active participants, start / end of year | 5,354 / 4,904 |
| Participants with account balances | 8,603 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Alight Solutions LLC | $604,490 reported compensation |
| The Bank of New York Mellon | $225,048 reported compensation |
| Crowe LLP | $71,450 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260701101658NAL0017338704001, received 2026-07-01, EIN 75-1723041, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.