Cavco Industries, Inc. 401(k) Review & Grade
Cavco Industries, Inc. 401(k) Plan
Phoenix, AZManufacturing5,181 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$519Employer $ per active participant
$3,425Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$181.8MNet plan assets, end of year
$25,352Average balance per account
Score breakdown
- Employer generosity2.7 / 505th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 26th |
| Employee saving | 19th |
| Peers that auto-enroll | 70% |
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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 ($2,069 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
- Cavco Industries put in about $519 per active participant, below the typical peer ($3,452). 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 (0.27% of assets) are well above similar-size plans (0.12%). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,689,426 |
| Participant (employee) contributions | $17,742,419 |
| Other contributions (incl. rollovers in) | $997,883 |
| Administrative expenses paid from the plan | $437,676 |
| Investment advisory & management fees | $159,716 |
| Benefits paid out | $20,972,654 |
| Net assets, start / end of year | $139.5M / $181.8M |
| Active participants, start / end of year | 4,661 / 5,701 |
| Participants with account balances | 7,172 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $311,202 reported compensation |
| Empower Advisory Group, LLC | $125,717 reported compensation |
| Global Retirement Partners LLC | $33,999 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731173930NAL0006405761001, received 2025-07-31, EIN 56-2405642, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.