The Sundt Companies, Inc. 401(k) Review & Grade
The Sundt Companies 401(k) Plan
Tucson, AZManagement of Companies4,203 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$6,782Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$201.1MNet plan assets, end of year
$60,639Average balance per account
Score breakdown
- Employer generosity0.0 / 500th percentile for employer $ per participant
- Low cost20.8 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 0th |
| Lower admin cost | 83th |
| Employee saving | 56th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $301,382 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- This plan reported $0 in employer contributions for 2024. Some employers put their money into a separate plan, so check any other plans listed below and ask HR. If there really is no company money, you still get the tax break. Compare the plan's fees and funds with an IRA before deciding where your next dollar goes.
- 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 | $0 |
| Participant (employee) contributions | $28,503,387 |
| Other contributions (incl. rollovers in) | $10,130,388 |
| Administrative expenses paid from the plan | $73,582 |
| Benefits paid out | $18,182,600 |
| Net assets, start / end of year | $156.8M / $201.1M |
| Active participants, start / end of year | 3,841 / 4,565 |
| Participants with account balances | 3,317 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $73,582 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260507153959NAL0003096353001, received 2026-05-07, EIN 86-0923877, plan #002, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.