Excel Contractors, LLC 401(k) Review & Grade
Excel Group 401(k) Savings Plan
Baton Rouge, LAConstruction6,568 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$160Employer $ per active participant
$610Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$53.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.3 / 507th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 27th |
| Employee saving | 3th |
| Peers that auto-enroll | 57% |
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Red flags from the filing
Corrective distributions: the plan refunded $578,368 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Excel Contractors put in about $160 per active participant, below the typical peer ($1,965). 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 (0.26% of assets) are well above similar-size plans (0.12%). 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 | $1,047,669 |
| Participant (employee) contributions | $4,004,059 |
| Other contributions (incl. rollovers in) | $679,567 |
| Administrative expenses paid from the plan | $131,731 |
| Contract administrator fees | $125,481 |
| Other admin expenses | $6,250 |
| Benefits paid out | $8,274,126 |
| Net assets, start / end of year | $49.4M / $53.6M |
| Active participants, start / end of year | 5,400 / 7,735 |
| Participants with account balances | 970 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper, LLC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $132,087 reported compensation |
| Ubs Financial Services Inc | $81,360 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930143029NAL0016591907001, received 2025-09-30, EIN 72-0969587, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.