Axios Industrial Maintenance Contractors, Inc. 401(k) Review & Grade
Aimcon Employees 401(k) Plan
The Woodlands, TXConstruction774 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$438Employer $ per active participant
$966Employee $ saved per active participant
0.88%Direct admin cost, % of plan assets
$4.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.2 / 5014th percentile for employer $ per participant
- Low cost2.1 / 258th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 8th |
| Employee saving | 9th |
| 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 ($130,384 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
- Axios Industrial Maintenance Contractors put in about $438 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.
- Direct plan expenses (0.88% 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 | $338,698 |
| Participant (employee) contributions | $746,831 |
| Other contributions (incl. rollovers in) | $153,965 |
| Administrative expenses paid from the plan | $33,593 |
| Investment advisory & management fees | $17,657 |
| Benefits paid out | $865,722 |
| Net assets, start / end of year | $3.4M / $4.2M |
| Active participants, start / end of year | 809 / 738 |
| Participants with account balances | 154 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $15,936 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $12,404 reported compensation |
| Empower Advisory Group, LLC | $5,253 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015163942NAL0005444385001, received 2025-10-15, EIN 75-1221220, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.