Deshazo, LLC 401(k) Review & Grade
Deshazo 401(k) Plan
Bessemer, ALOther Services616 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,464Employer $ per active participant
$5,473Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$29.5MNet plan assets, end of year
$39,851Average balance per account
Score breakdown
- Employer generosity28.3 / 5057th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 34th |
| Employee saving | 79th |
| Peers that auto-enroll | 40% |
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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 ($22,549 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $5,516 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Deshazo put in about $1,464 per active participant, more than the typical peer ($1,257). 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 (0.36% 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 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 | $902,762 |
| Participant (employee) contributions | $3,374,271 |
| Other contributions (incl. rollovers in) | $126,246 |
| Administrative expenses paid from the plan | $96,464 |
| Investment advisory & management fees | $40,952 |
| Benefits paid out | $1,799,807 |
| Net assets, start / end of year | $23.7M / $29.5M |
| Active participants, start / end of year | 603 / 630 |
| Participants with account balances | 741 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bmss, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $55,512 reported compensation |
| Kestra Investment Services LLC | $33,977 reported compensation |
| Creative Planning Holdco, LLC | $6,975 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905085552NAL0016967985001, received 2025-09-05, EIN 63-1169999, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.