Daikin Comfort Technologies Manufacturing, L.P. 401(k) Review & Grade
The Daikin 401(k) Plan
Waller, TXManufacturing11,854 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,500Employer $ per active participant
$3,855Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$635.3MNet plan assets, end of year
$51,115Average balance per account
Score breakdown
- Employer generosity6.3 / 5013th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 33th |
| Employee saving | 13th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Corrective distributions: the plan refunded $586,831 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Daikin Comfort Technologies Manufacturing, L.P. put in about $1,500 per active participant, below the typical peer ($5,480). 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 (0.13% of assets) are well above similar-size plans (0.09%). 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 | $17,781,904 |
| Participant (employee) contributions | $45,702,449 |
| Other contributions (incl. rollovers in) | $4,747,548 |
| Administrative expenses paid from the plan | $768,246 |
| Contract administrator fees | $664,679 |
| Investment advisory & management fees | $63,567 |
| Benefits paid out | $61,288,598 |
| Net assets, start / end of year | $529.9M / $635.3M |
| Active participants, start / end of year | 11,674 / 12,035 |
| Participants with account balances | 12,428 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Stulb & Associates, Apac |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $653,812 reported compensation |
| Mercer Investments LLC | $38,376 reported compensation |
| Mercer | $38,036 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008113218NAL0005771697001, received 2025-10-08, EIN 76-0423371, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.