Davis H. Elliot Company, Incorporated 401(k) Review & Grade
Employees' Thrift Plan of Davis H. Elliot Company, Incorporated
Lexington, KYConstruction2,836 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$964Employer $ per active participant
$3,898Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$104.7MNet plan assets, end of year
$29,112Average balance per account
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 18th |
| Employee saving | 40th |
| Peers that auto-enroll | 57% |
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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
- Davis H. Elliot Company, Incorporated put in about $964 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 (0.36% 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.
- 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 | $2,733,658 |
| Participant (employee) contributions | $11,054,050 |
| Other contributions (incl. rollovers in) | $1,341,143 |
| Administrative expenses paid from the plan | $343,898 |
| Contract administrator fees | $343,898 |
| Benefits paid out | $14,565,637 |
| Net assets, start / end of year | $87.2M / $104.7M |
| Active participants, start / end of year | 2,878 / 2,794 |
| Participants with account balances | 3,596 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Brown, Edwards & Company, L.L.P. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $343,922 reported compensation |
| MCF Advisors | $15,307 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007105800NAL0004464705001, received 2025-10-07, EIN 54-1203551, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.