20/20 Plumbing & Heating, Inc. 401(k) Review & Grade
20/20 Plumbing & Heating, Inc. 401(k) Plan
Riverside, CAConstruction714 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,219Employer $ per active participant
$1,470Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$19.1MNet plan assets, end of year
$28,142Average balance per account
Score breakdown
- Employer generosity39.3 / 5079th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th 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 score36 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 19th |
| Employee saving | 14th |
| 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 ($23,695 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
- 20/20 Plumbing & Heating put in about $3,219 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.
- Direct plan expenses (0.57% 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 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 | $2,300,042 |
| Participant (employee) contributions | $1,050,483 |
| Other contributions (incl. rollovers in) | $14,636 |
| Administrative expenses paid from the plan | $102,459 |
| Contract administrator fees | $102,459 |
| Benefits paid out | $2,669,996 |
| Net assets, start / end of year | $16.6M / $19.1M |
| Active participants, start / end of year | 851 / 578 |
| Participants with account balances | 679 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wright Ford Young & Co. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co of Ame | $62,874 reported compensation |
| Cavu Wealth Management Inc | $33,245 reported compensation |
| Economic Group Pension Services | $17,665 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003151630NAL0002518848001, received 2025-10-03, EIN 47-2642440, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.