Chas Roberts Air Conditioning, Inc. 401(k) Review & Grade
Chas Roberts Air Conditioning, Inc. 401(k) Plan
Phoenix, AZConstruction656 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$551Employer $ per active participant
$6,001Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$29.2MNet plan assets, end of year
$38,458Average balance per account
Score breakdown
- Employer generosity8.7 / 5017th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 21th |
| Employee saving | 75th |
| Peers that auto-enroll | 44% |
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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
- Chas Roberts Air Conditioning put in about $551 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 (0.54% 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $361,210 |
| Participant (employee) contributions | $3,936,329 |
| Other contributions (incl. rollovers in) | $23,748 |
| Administrative expenses paid from the plan | $142,859 |
| Contract administrator fees | $124,109 |
| Benefits paid out | $2,007,892 |
| Net assets, start / end of year | $24.1M / $29.2M |
| Active participants, start / end of year | 647 / 665 |
| Participants with account balances | 758 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton Larson Allen LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $124,611 reported compensation |
| Wells Fargo Advisors, LLC | $18,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917101158NAL0000402563001, received 2025-09-17, EIN 86-0113254, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.