Enercon Services Inc 401(k) Review & Grade
Enercon Services, Inc. Savings Plan
Kennesaw, GAProfessional, Scientific & Technical Services1,477 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,611Employer $ per active participant
$9,620Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$212.9MNet plan assets, end of year
$111,724Average balance per account
Score breakdown
- Employer generosity21.5 / 5043th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
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 | 75th |
| Employee saving | 55th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,359 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Enercon Services put in about $2,611 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.
- 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 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 | $3,855,739 |
| Participant (employee) contributions | $14,208,105 |
| Other contributions (incl. rollovers in) | $3,054,273 |
| Administrative expenses paid from the plan | $195,455 |
| Contract administrator fees | $93,699 |
| Investment advisory & management fees | $101,756 |
| Benefits paid out | $31,768,333 |
| Net assets, start / end of year | $198.5M / $212.9M |
| Active participants, start / end of year | 1,539 / 1,415 |
| Participants with account balances | 1,906 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Regier Carr & Monroe, LLP, Cpas |
Largest service providers (Schedule C)
| Raymond James & Associates Inc | $101,802 reported compensation |
| Principal Life Insurance Company | $93,699 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260209103525NAL0001450592001, received 2026-02-09, EIN 73-1176079, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.