Climate Pros LLC 401(k) Review & Grade
Climate Pros LLC 401(k) Profit Sharing Plan and Trust
Glendale Heights, ILConstruction764 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,897Employer $ per active participant
$3,590Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$22.2MNet plan assets, end of year
$40,242Average balance per account
Score breakdown
- Employer generosity28.3 / 5057th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 37th |
| Employee saving | 45th |
| Peers that auto-enroll | 44% |
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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 ($392 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,380 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Climate Pros put in about $1,897 per active participant, more than the typical peer ($1,672). 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 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 | $1,448,600 |
| Participant (employee) contributions | $2,740,619 |
| Other contributions (incl. rollovers in) | $543,898 |
| Administrative expenses paid from the plan | $66,419 |
| Contract administrator fees | $48,970 |
| Investment advisory & management fees | $12,389 |
| Other admin expenses | $5,060 |
| Benefits paid out | $2,486,082 |
| Net assets, start / end of year | $17.5M / $22.2M |
| Active participants, start / end of year | 745 / 782 |
| Participants with account balances | 551 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Associated Pension Services, Inc. | $47,551 reported compensation |
| Voya Retirement Insurance & Annuity | $15,879 reported compensation |
| Voya Retirement Advisors, LLC | $11,924 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014111348NAL0001269571001, received 2025-10-14, EIN 55-0914273, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.