Service Experts LLC 401(k) Review & Grade
Service Experts LLC 401(k) Plan
Richardson, TXConstruction3,743 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,411Employer $ per active participant
$4,902Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$151.8MNet plan assets, end of year
$24,341Average balance per account
Score breakdown
- Employer generosity20.0 / 5040th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 30th |
| Employee saving | 53th |
| Peers that auto-enroll | 57% |
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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
- Service Experts put in about $1,411 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 (0.23% 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.
- 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 | $5,282,301 |
| Participant (employee) contributions | $18,349,231 |
| Other contributions (incl. rollovers in) | $10,198,553 |
| Administrative expenses paid from the plan | $306,402 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $56,989 |
| Benefits paid out | $21,453,708 |
| Net assets, start / end of year | $120.4M / $151.8M |
| Active participants, start / end of year | 3,675 / 3,811 |
| Participants with account balances | 6,236 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $228,938 reported compensation |
| Merrill Lynch Pierce Fenner & Smit | $45,000 reported compensation |
| Baker Tilly US, LLP | $20,475 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009171543NAL0006953073001, received 2025-10-09, EIN 62-1639453, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.