Enerflex Inc. 401(k) Review & Grade
Enerflex Inc. and Subsidiaries Matched Savings Plan
Houston, TXManufacturing1,234 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,698Employer $ per active participant
$8,135Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$124.4MNet plan assets, end of year
$86,401Average balance per account
Score breakdown
- Employer generosity40.4 / 5081th percentile for employer $ per participant
- Low cost20.9 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 83th |
| Employee saving | 81th |
| Peers that auto-enroll | 59% |
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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 ($912,198 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
- Enerflex put in about $4,698 per active participant, more than the typical peer ($2,320). 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.
- 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 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 | $5,796,968 |
| Participant (employee) contributions | $10,038,511 |
| Other contributions (incl. rollovers in) | $813,250 |
| Administrative expenses paid from the plan | $73,534 |
| Investment advisory & management fees | $54,208 |
| Benefits paid out | $14,846,267 |
| Net assets, start / end of year | $108.9M / $124.4M |
| Active participants, start / end of year | 1,211 / 1,257 |
| Participants with account balances | 1,440 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Melton & Melton, L.L.P. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $54,208 reported compensation |
| Fidelity Investments Institutional | $19,326 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013090143NAL0002145650001, received 2025-10-13, EIN 87-0444172, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.