Cec Electrical, Inc. 401(k) Review & Grade
Cec 401(k) Retirement Plan
Irving, TXConstruction1,220 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,332Employer $ per active participant
$3,566Employee $ saved per active participant
0.83%Direct admin cost, % of plan assets
$19.7MNet plan assets, end of year
$13,735Average balance per account
Score breakdown
- Employer generosity20.6 / 5041th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 9th |
| Employee saving | 44th |
| Peers that auto-enroll | 44% |
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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
- Cec Electrical put in about $1,332 per active participant, below the typical peer ($1,672). 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 (0.83% 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 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 | $1,626,161 |
| Participant (employee) contributions | $4,352,425 |
| Other contributions (incl. rollovers in) | $914,125 |
| Administrative expenses paid from the plan | $137,360 |
| Contract administrator fees | $137,360 |
| Benefits paid out | $2,521,585 |
| Net assets, start / end of year | $13.4M / $19.7M |
| Active participants, start / end of year | 1,119 / 1,322 |
| Participants with account balances | 1,434 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $137,360 reported compensation |
| Visionpoint Advisory Group LLC | $44,483 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250514135500NAL0018884257001, received 2025-05-14, EIN 27-0387107, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.