Mechanical One, LLC 401(k) Review & Grade
Mechanical One, LLC 401(k) Plan
Altamonte Springs, FLConstruction578 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500-SF filing · How we grade
$0Employer $ per active participant
$544Employee $ saved per active participant
3.95%Direct admin cost, % of plan assets
$462,524Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity0.0 / 500th percentile for employer $ per participant
- Low cost0.1 / 250th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 0th |
| Lower admin cost | 0th |
| Employee saving | 4th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,500 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- This plan reported $0 in employer contributions for 2024. Some employers put their money into a separate plan, so check any other plans listed below and ask HR. If there really is no company money, you still get the tax break. Compare the plan's fees and funds with an IRA before deciding where your next dollar goes.
- 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 (3.95% 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.
- 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 | $0 |
| Participant (employee) contributions | $314,546 |
| Other contributions (incl. rollovers in) | $38,512 |
| Administrative expenses paid from the plan | $12,672 |
| Benefits paid out | $86,471 |
| Net assets, start / end of year | $179,016 / $462,524 |
| Active participants, start / end of year | 1,068 / 89 |
| Participants with account balances | 111 |
| Auto-enrollment (feature code 2S) | Yes |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20251009160612NAL0003741811001, received 2025-10-09, EIN 86-2931739, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.