Pacific Rim Mechanical Contractors, Inc. 401(k) Review & Grade
Pacific Rim Mechanical Contractors, Inc. 401(k) Plan
San Diego, CAConstruction714 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,532Employer $ per active participant
$6,988Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$80.3MNet plan assets, end of year
$72,622Average balance per account
Score breakdown
- Employer generosity34.4 / 5069th percentile for employer $ per participant
- Low cost6.9 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 28th |
| Employee saving | 82th |
| 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
- Pacific Rim Mechanical Contractors put in about $2,532 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 (0.43% 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 | $1,809,288 |
| Participant (employee) contributions | $4,993,004 |
| Other contributions (incl. rollovers in) | $551,090 |
| Administrative expenses paid from the plan | $321,636 |
| Investment advisory & management fees | $102,135 |
| Benefits paid out | $3,634,501 |
| Net assets, start / end of year | $68.1M / $80.3M |
| Active participants, start / end of year | 635 / 794 |
| Participants with account balances | 1,106 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Aldrich Cpas and Advisors LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co of Ame | $107,590 reported compensation |
| Creative Planning LLC | $102,135 reported compensation |
| Economic Group Pension Services | $5,775 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905135343NAL0035743634001, received 2025-09-05, EIN 03-0489033, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.