D.P. Electric, Inc. 401(k) Review & Grade
D.P. Electric, Inc. 401(k) Plan
Tempe, AZConstruction523 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,738Employer $ per active participant
$5,725Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$19.0MNet plan assets, end of year
$31,346Average balance per account
Score breakdown
- Employer generosity36.2 / 5072th percentile for employer $ per participant
- Low cost4.6 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 19th |
| Employee saving | 73th |
| 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 ($7,963 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- D.P. Electric put in about $2,738 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.
- Direct plan expenses (0.58% 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.
- 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 | $1,432,075 |
| Participant (employee) contributions | $2,994,352 |
| Other contributions (incl. rollovers in) | $238,472 |
| Administrative expenses paid from the plan | $94,539 |
| Investment advisory & management fees | $42,193 |
| Benefits paid out | $1,161,560 |
| Net assets, start / end of year | $13.7M / $19.0M |
| Active participants, start / end of year | 463 / 583 |
| Participants with account balances | 605 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $52,346 reported compensation |
| PFG Advisors LLC | $38,234 reported compensation |
| Empower Advisory Group, LLC | $3,959 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915155537NAL0002072256001, received 2025-09-15, EIN 86-0728080, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.