Del-Air Heating, Air Conditioning & Refrigeration, Inc. 401(k) Review & Grade
Del-Air 401(k) Retirement Plan
Lake Mary, FLConstruction651 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,678Employer $ per active participant
$3,135Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$12.0MNet plan assets, end of year
$12,864Average balance per account
Score breakdown
- Employer generosity25.2 / 5050th percentile for employer $ per participant
- Low cost5.0 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- 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 | 50th |
| Lower admin cost | 20th |
| Employee saving | 39th |
| Peers that auto-enroll | 44% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($106,384 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
- Del-Air Heating, Air Conditioning & Refrigeration put in about $1,678 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 (0.55% 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.
- 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 | $1,092,099 |
| Participant (employee) contributions | $2,041,061 |
| Other contributions (incl. rollovers in) | $1,408,822 |
| Administrative expenses paid from the plan | $55,652 |
| Investment advisory & management fees | $24,051 |
| Benefits paid out | $1,873,758 |
| Net assets, start / end of year | $8.3M / $12.0M |
| Active participants, start / end of year | 637 / 665 |
| Participants with account balances | 929 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $31,601 reported compensation |
| Onedigital Investment Advisors LLC | $22,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014143552NAL0006357970001, received 2025-10-14, EIN 59-2280231, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.