Adams Construction Company 401(k) Review & Grade
Adams Construction Company Employees 401(k) Plan
Roanoke, VAConstruction803 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,989Employer $ per active participant
$3,949Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$41.4MNet plan assets, end of year
$33,027Average balance per account
Score breakdown
- Employer generosity42.6 / 5085th percentile for employer $ per participant
- Low cost7.1 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 28th |
| Employee saving | 49th |
| 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 ($379,807 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
- Adams Construction put in about $3,989 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 (0.43% 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,203,412 |
| Participant (employee) contributions | $3,170,979 |
| Other contributions (incl. rollovers in) | $2,168,928 |
| Administrative expenses paid from the plan | $159,521 |
| Contract administrator fees | $106,441 |
| Investment advisory & management fees | $53,080 |
| Benefits paid out | $3,928,992 |
| Net assets, start / end of year | $33.6M / $41.4M |
| Active participants, start / end of year | 791 / 815 |
| Participants with account balances | 1,255 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Brown, Edwards & Company, L.L.P. |
Largest service providers (Schedule C)
| Lincoln National Corporation | $105,919 reported compensation |
| Morgan Stanley Global Banking | $53,080 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014102759NAL0005464786001, received 2025-10-14, EIN 54-1325812, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.