Equix Holdings, Inc. 401(k) Review & Grade
401(k) Retirement Savings Plan
Fond Du Lac, WIConstruction794 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,510Employer $ per active participant
$3,134Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$33.0MNet plan assets, end of year
$63,179Average balance per account
Score breakdown
- Employer generosity22.5 / 5045th percentile for employer $ per participant
- Low cost13.1 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 52th |
| Employee saving | 39th |
| 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
- Equix Holdings put in about $1,510 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $1,198,839 |
| Participant (employee) contributions | $2,488,777 |
| Other contributions (incl. rollovers in) | $564,837 |
| Administrative expenses paid from the plan | $65,965 |
| Contract administrator fees | $57,965 |
| Investment advisory & management fees | $8,000 |
| Benefits paid out | $4,626,950 |
| Net assets, start / end of year | $29.4M / $33.0M |
| Active participants, start / end of year | 821 / 767 |
| Participants with account balances | 522 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $57,965 reported compensation |
| Spectrum Investment | $8,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010083029NAL0007375473001, received 2025-10-10, EIN 85-3508497, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.