Ies Holdings, Inc Retirement Savings Plan 401(k) Review & Grade
Ies Holdings, Inc Retirement Savings Plan
Houston, TXConstruction9,002 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$854Employer $ per active participant
$2,198Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$233.4MNet plan assets, end of year
$47,774Average balance per account
Score breakdown
- Employer generosity12.0 / 5024th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 29th |
| Employee saving | 20th |
| Peers that auto-enroll | 57% |
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Red flags from the filing
Auditor concern: the independent auditor gave a qualified or adverse opinion.
What to do if you're in this plan
- Ies Holdings, Inc Retirement Savings Plan put in about $854 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 (0.24% 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 | $7,690,087 |
| Participant (employee) contributions | $19,787,156 |
| Other contributions (incl. rollovers in) | $1,792,424 |
| Administrative expenses paid from the plan | $498,196 |
| Contract administrator fees | $107,209 |
| Investment advisory & management fees | $116,454 |
| Other admin expenses | $458 |
| Benefits paid out | $18,498,479 |
| Net assets, start / end of year | $175.4M / $233.4M |
| Active participants, start / end of year | 8,017 / 9,988 |
| Participants with account balances | 4,885 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Frazier&deeter, LLC |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $219,489 reported compensation |
| Voya Retirement Advisors | $66,453 reported compensation |
| Morgan Stanley | $50,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001142612NAL0005974291001, received 2025-10-01, EIN 76-0542208, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.