Encore Holdings, LLC 401(k) Review & Grade
Encore Holdings, LLC 401(k) Plan
Pawtucket, RIConstruction1,116 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,123Employer $ per active participant
$3,996Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$35.8MNet plan assets, end of year
$54,212Average balance per account
Score breakdown
- Employer generosity18.2 / 5036th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1551th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 32th |
| Employee saving | 51th |
| 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 ($3,584 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Encore Holdings put in about $1,123 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 (0.38% 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 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 | $1,253,705 |
| Participant (employee) contributions | $4,459,687 |
| Other contributions (incl. rollovers in) | $4,744,991 |
| Administrative expenses paid from the plan | $114,483 |
| Contract administrator fees | $114,483 |
| Benefits paid out | $3,014,750 |
| Net assets, start / end of year | $24.8M / $35.8M |
| Active participants, start / end of year | 1,091 / 1,141 |
| Participants with account balances | 660 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withum Smith and Brown |
Largest service providers (Schedule C)
| Fidelity Inv Inst Op | $67,206 reported compensation |
| Ubs Financial Services | $47,276 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002092511NAL0000192355001, received 2025-10-02, EIN 27-0867747, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.