Rogers Mechanical Contractors LLC 401(k) Review & Grade
Rogers Building Solutions 401(k) Plan
Melbourne, FLConstruction853 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,890Employer $ per active participant
$3,296Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$21.4MNet plan assets, end of year
$46,233Average balance per account
Score breakdown
- Employer generosity28.2 / 5056th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 27th |
| Employee saving | 41th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Rogers Mechanical Contractors put in about $1,890 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.
- Direct plan expenses (0.44% 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.
- 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 | $1,611,764 |
| Participant (employee) contributions | $2,811,642 |
| Other contributions (incl. rollovers in) | $365,604 |
| Administrative expenses paid from the plan | $94,392 |
| Investment advisory & management fees | $36,606 |
| Benefits paid out | $4,616,261 |
| Net assets, start / end of year | $0 / $21.4M |
| Active participants, start / end of year | 713 / 993 |
| Participants with account balances | 462 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rehmann Robson LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $57,786 reported compensation |
| NFP Retirement Inc | $36,606 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260402114452NAL0003513298001, received 2026-04-02, EIN 58-1978419, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.