Garza & Sons Labor Contractors 401(k) Review & Grade
Garza & Sons Labor Contractors, LLC 401(k) Plan
Wyoming, MIOther Services523 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$22Employer $ per active participant
$34Employee $ saved per active participant
$0 reportedDirect admin cost, % of plan assets
$30,602Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.8 / 508th percentile for employer $ per participant
- Low cost12.5 / 25No direct expenses reported, scored neutral
- Employee saving0.2 / 151th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | neutral |
| Employee saving | 1th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Garza & Sons Labor Contractors put in about $22 per active participant, below the typical peer ($1,257). 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.
- The plan reported no administrative expenses paid from plan assets. The employer may pay them, or the costs may be built into fund fees. Check your 404(a)(5) fee disclosure for each fund's expense ratio.
- 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 | $11,374 |
| Participant (employee) contributions | $17,776 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $0 |
| Benefits paid out | – |
| Net assets, start / end of year | $592 / $30,602 |
| Active participants, start / end of year | 577 / 469 |
| Participants with account balances | 5 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250520103521NAL0001034577001, received 2025-05-20, EIN 47-2005345, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.