Arizona Pipeline Company 401(k) Review & Grade
Arizona Pipeline Company 401(k) Savings and Investment Plan
Hesperia, CAConstruction834 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$479Employer $ per active participant
$2,045Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$20.3MNet plan assets, end of year
$19,372Average balance per account
Score breakdown
- Employer generosity7.8 / 5016th percentile for employer $ per participant
- Low cost4.1 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1522th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 16th |
| Employee saving | 22th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($41,811 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $17,113 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Arizona Pipeline put in about $479 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.
- Direct plan expenses (0.62% 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.
- 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 | $400,013 |
| Participant (employee) contributions | $1,706,290 |
| Other contributions (incl. rollovers in) | $599 |
| Administrative expenses paid from the plan | $118,388 |
| Contract administrator fees | $109,866 |
| Investment advisory & management fees | $6,022 |
| Other admin expenses | $2,500 |
| Benefits paid out | $1,722,193 |
| Net assets, start / end of year | $17.7M / $20.3M |
| Active participants, start / end of year | 705 / 964 |
| Participants with account balances | 1,048 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Soren Mcadam LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $118,388 reported compensation |
| PNC Bank National Association | $22,579 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260326125457NAL0004754513001, received 2026-03-26, EIN 95-3336040, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.