Sunbelt Modular Inc. 401(k) Review & Grade
Sunbelt Modular Inc. Profit Sharing Plan
Phoenix, AZConstruction760 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,000Employer $ per active participant
$1,210Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$11.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity15.8 / 5032th percentile for employer $ per participant
- Low cost20.1 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-15 pts2 issues reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 80th |
| Employee saving | 10th |
| 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 ($69,146 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Sunbelt Modular put in about $1,000 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.
- 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 | $759,886 |
| Participant (employee) contributions | $919,610 |
| Other contributions (incl. rollovers in) | $13,153 |
| Administrative expenses paid from the plan | $8,164 |
| Contract administrator fees | $2,902 |
| Investment advisory & management fees | $5,262 |
| Benefits paid out | $939,509 |
| Net assets, start / end of year | $10.2M / $11.8M |
| Active participants, start / end of year | 765 / 755 |
| Participants with account balances | 250 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frazier & Deeter, LLC |
Largest service providers (Schedule C)
| American United Life Insurance Co | $52,866 reported compensation |
| LPL Financial LLC | $27,779 reported compensation |
| Oneamerica Retirement Services LLC | $5,262 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015121106NAL0002267331001, received 2025-10-15, EIN 20-8952512, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.