Onpoint Industrial Services, LLC 401(k) Review & Grade
Onpoint Industrial Services, LLC 401(k) Plan
Deer Park, TXAdministrative, Support & Staffing Services1,540 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$131Employer $ per active participant
$1,140Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$12.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.8 / 5024th percentile for employer $ per participant
- Low cost11.9 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 47th |
| Employee saving | 36th |
| Peers that auto-enroll | 27% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($8,639 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
- Onpoint Industrial Services put in about $131 per active participant, below the typical peer ($712). 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.
- 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 | $201,750 |
| Participant (employee) contributions | $1,755,186 |
| Other contributions (incl. rollovers in) | $124,858 |
| Administrative expenses paid from the plan | $29,366 |
| Contract administrator fees | $19,800 |
| Investment advisory & management fees | $8,016 |
| Other admin expenses | $1,550 |
| Benefits paid out | $2,212,716 |
| Net assets, start / end of year | $11.2M / $12.4M |
| Active participants, start / end of year | 1,345 / 1,735 |
| Participants with account balances | 339 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Voya Retirement Advisors, LLC | $7,650 reported compensation |
| Creative Retirement Systems, Inc. | $5,885 reported compensation |
| Voya Retirement Insurance and Annui | $14 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015115013NAL0002243811001, received 2025-10-15, EIN 47-3370012, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.