Ridgeway Plumbing, Inc. 401(k) Review & Grade
Ridgeway Plumbing, Inc. 401(k) Profit Sharing Plan
Boyton Beach, FLConstruction528 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,398Employer $ per active participant
$4,565Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$28.1MNet plan assets, end of year
$55,088Average balance per account
Score breakdown
- Employer generosity32.9 / 5066th percentile for employer $ per participant
- Low cost21.8 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 87th |
| Employee saving | 58th |
| Peers that auto-enroll | 44% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Ridgeway Plumbing put in about $2,398 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $1,266,310 |
| Participant (employee) contributions | $2,410,484 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $12,713 |
| Benefits paid out | $2,054,232 |
| Net assets, start / end of year | $22.9M / $28.1M |
| Active participants, start / end of year | 411 / 645 |
| Participants with account balances | 511 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Templeton & Company, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $12,713 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013081218NAL0000367075001, received 2025-10-13, EIN 59-0894932, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.