Encore Electric, Inc. 401(k) Review & Grade
Encore Electric, Inc. 401(k) Plan
Lakewood, COConstruction1,154 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,653Employer $ per active participant
$6,515Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$92.1MNet plan assets, end of year
$60,260Average balance per account
Score breakdown
- Employer generosity41.0 / 5082th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 57th |
| Employee saving | 80th |
| Peers that auto-enroll | 44% |
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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
- Encore Electric put in about $3,653 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $4,217,028 |
| Participant (employee) contributions | $7,521,531 |
| Other contributions (incl. rollovers in) | $1,201,383 |
| Administrative expenses paid from the plan | $152,791 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $22,500 |
| Other admin expenses | $7,500 |
| Benefits paid out | $6,819,993 |
| Net assets, start / end of year | $75.5M / $92.1M |
| Active participants, start / end of year | 1,066 / 1,243 |
| Participants with account balances | 1,529 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $130,291 reported compensation |
| Prime Capital Investment Advisors | $22,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905102824NAL0017030785001, received 2025-09-05, EIN 47-0903643, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.