Daxko, LLC 401(k) Review & Grade
Daxko, LLC 401(k) Retirement Plan
Birmingham, ALProfessional, Scientific & Technical Services580 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,610Employer $ per active participant
$6,929Employee $ saved per active participant
0.61%Direct admin cost, % of plan assets
$42.6MNet plan assets, end of year
$52,496Average balance per account
Score breakdown
- Employer generosity21.4 / 5043th percentile for employer $ per participant
- Low cost4.2 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 17th |
| Employee saving | 35th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,997 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Daxko put in about $2,610 per active participant, below the typical peer ($3,082). 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 (0.61% 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.
- 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 | $1,513,631 |
| Participant (employee) contributions | $4,018,983 |
| Other contributions (incl. rollovers in) | $663,455 |
| Administrative expenses paid from the plan | $236,367 |
| Investment advisory & management fees | $144,297 |
| Benefits paid out | $3,472,129 |
| Net assets, start / end of year | $34.8M / $42.6M |
| Active participants, start / end of year | 581 / 579 |
| Participants with account balances | 811 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Black & Pinckard, LLC |
Largest service providers (Schedule C)
| Capfinancial Partners LLC | $144,297 reported compensation |
| Fidelity Investments Institutional | $92,070 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916095405NAL0001237683001, received 2025-09-16, EIN 63-1262193, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.