Essential Services Intermediate Holding Corporation DBA Turnpoint Serv 401(k) Review & Grade
Turnpoint 401(k) Plan
Louisville, KYConstruction6,050 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,058Employer $ per active participant
$3,973Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$131.5MNet plan assets, end of year
$16,531Average balance per account
Score breakdown
- Employer generosity13.3 / 5027th percentile for employer $ per participant
- Low cost2.7 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 11th |
| Employee saving | 41th |
| Peers that auto-enroll | 57% |
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 ($67,772 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $155,339 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Essential Services Intermediate Holding Corporation DBA Turnpoint Serv put in about $1,058 per active participant, below the typical peer ($1,965). 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 (0.57% 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 | $6,402,228 |
| Participant (employee) contributions | $24,037,035 |
| Other contributions (incl. rollovers in) | $2,613,720 |
| Administrative expenses paid from the plan | $660,479 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $114,275 |
| Benefits paid out | $16,734,676 |
| Net assets, start / end of year | $100.2M / $131.5M |
| Active participants, start / end of year | 5,749 / 6,351 |
| Participants with account balances | 7,957 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Jones Nale and Mattingly PLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $531,204 reported compensation |
| Robert W Baird & Co | $87,341 reported compensation |
| Strategic Advisors, Inc. | $26,934 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922125216NAL0006112064001, received 2025-09-22, EIN 81-3502817, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.