R.C. Hunt Electric, Inc. 401(k) Review & Grade
R.C. Hunt Electric, Inc. 401(k) Plan
Salt Lake City, UTConstruction706 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$795Employer $ per active participant
$3,047Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$26.4MNet plan assets, end of year
$53,562Average balance per account
Score breakdown
- Employer generosity12.9 / 5026th percentile for employer $ per participant
- Low cost20.2 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1537th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 81th |
| Employee saving | 37th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($340,661 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
- R.C. Hunt Electric put in about $795 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.
- 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 | $560,567 |
| Participant (employee) contributions | $2,149,920 |
| Other contributions (incl. rollovers in) | $123,335 |
| Administrative expenses paid from the plan | $17,875 |
| Contract administrator fees | $17,875 |
| Benefits paid out | $2,919,055 |
| Net assets, start / end of year | $23.1M / $26.4M |
| Active participants, start / end of year | 712 / 699 |
| Participants with account balances | 492 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly, LLP |
Largest service providers (Schedule C)
| D.a. Davidson and Co. | $56,116 reported compensation |
| National Benefit Services, LLC | $11,779 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014151506NAL0003135633001, received 2025-10-14, EIN 87-0663953, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.