Clyde Companies, Inc. 401(k) Review & Grade
Clyde Companies, Inc. 401(k) Retirement Plan
Orem, UTManagement of Companies3,706 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,175Employer $ per active participant
$4,775Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$326.3MNet plan assets, end of year
$65,074Average balance per account
Score breakdown
- Employer generosity44.9 / 5090th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 33th |
| Employee saving | 25th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,670 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Clyde Companies put in about $7,175 per active participant, more than the typical peer ($3,455). 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 (0.21% 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.
- 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 | $26,585,360 |
| Participant (employee) contributions | $17,691,969 |
| Other contributions (incl. rollovers in) | $1,284,144 |
| Administrative expenses paid from the plan | $632,026 |
| Investment advisory & management fees | $574,052 |
| Benefits paid out | $34,632,724 |
| Net assets, start / end of year | $280.8M / $326.3M |
| Active participants, start / end of year | 3,659 / 3,752 |
| Participants with account balances | 5,014 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Squire and Company |
Largest service providers (Schedule C)
| Soltis Investment Advisors LLC | $393,544 reported compensation |
| Schwab Retirement Plan Services,inc | $111,573 reported compensation |
| Morningstar Inc | $91,686 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006101351NAL0005831952002, received 2025-10-06, EIN 87-0260879, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.