Brycon Corporation 401(k) Review & Grade
Brycon Corporation 401(k) Profit Sharing Plan and Trust
Rio Rancho, NMConstruction1,202 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,755Employer $ per active participant
$1,252Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$24.6MNet plan assets, end of year
$34,637Average balance per account
Score breakdown
- Employer generosity36.3 / 5073th percentile for employer $ per participant
- Low cost6.1 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 24th |
| Employee saving | 11th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $51,673 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Brycon put in about $2,755 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 (0.48% 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 | $3,310,202 |
| Participant (employee) contributions | $1,503,916 |
| Other contributions (incl. rollovers in) | $250,679 |
| Administrative expenses paid from the plan | $105,555 |
| Investment advisory & management fees | $30,072 |
| Benefits paid out | $2,118,809 |
| Net assets, start / end of year | $19.3M / $24.6M |
| Active participants, start / end of year | 1,253 / 1,150 |
| Participants with account balances | 710 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen |
Largest service providers (Schedule C)
| Alerus Financial, N.A. | $75,617 reported compensation |
| Alerus Investment Advisors, Inc. | $30,072 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930180415NAL0013548592001, received 2025-09-30, EIN 85-0383294, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.