Apex Services Partners LLC 401(k) Review & Grade
Apex Service Partners LLC 401(k) Plan
Tampa, FLConstruction9,276 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,262Employer $ per active participant
$2,799Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$123.7MNet plan assets, end of year
$21,749Average balance per account
Score breakdown
- Employer generosity19.3 / 5039th percentile for employer $ per participant
- Low cost3.3 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 13th |
| Employee saving | 24th |
| Peers that auto-enroll | 57% |
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Red flags from the filing
Corrective distributions: the plan refunded $37,385 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Apex Services Partners put in about $1,262 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 (0.49% 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.
- 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 | $11,707,857 |
| Participant (employee) contributions | $25,966,974 |
| Other contributions (incl. rollovers in) | $6,753,923 |
| Administrative expenses paid from the plan | $498,513 |
| Investment advisory & management fees | $9,778 |
| Benefits paid out | $21,193,892 |
| Net assets, start / end of year | $80.6M / $123.7M |
| Active participants, start / end of year | 9,325 / 9,228 |
| Participants with account balances | 5,689 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Adp, Inc. | $498,513 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015213445NAL0002908643001, received 2025-10-15, EIN 84-2081770, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.