Horizon Services, LLC 401(k) Review & Grade
Horizon Services LLC 401(k) Plan
Newark, DEConstruction2,450 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$622Employer $ per active participant
$3,473Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$83.1MNet plan assets, end of year
$48,557Average balance per account
Score breakdown
- Employer generosity10.2 / 5020th percentile for employer $ per participant
- Low cost8.9 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 36th |
| Employee saving | 43th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $153,694 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Horizon Services put in about $622 per active participant, below the typical peer ($1,672). 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 (0.35% 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.
- 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 | $1,524,732 |
| Participant (employee) contributions | $8,509,425 |
| Other contributions (incl. rollovers in) | $471,438 |
| Administrative expenses paid from the plan | $270,540 |
| Investment advisory & management fees | $98,680 |
| Benefits paid out | $9,969,500 |
| Net assets, start / end of year | $72.9M / $83.1M |
| Active participants, start / end of year | 2,475 / 2,426 |
| Participants with account balances | 1,712 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Santora CPA Group |
Largest service providers (Schedule C)
| Adp, Inc. | $185,481 reported compensation |
| Creative Planning Holdco, LLC | $85,058 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015053531NAL0001917827001, received 2025-10-15, EIN 36-4411626, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.