C.W. Matthews Contracting Company, Inc. 401(k) Review & Grade
C.W. Matthews Contracting Company, Inc. 401(k) Plan
Marietta, GAConstruction1,561 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,703Employer $ per active participant
$5,420Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$94.3MNet plan assets, end of year
$49,639Average balance per account
Score breakdown
- Employer generosity35.9 / 5072th percentile for employer $ per participant
- Low cost6.1 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 24th |
| Employee saving | 70th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- C.W. Matthews Contracting Company put in about $2,703 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.
- 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 | $4,219,306 |
| Participant (employee) contributions | $8,459,906 |
| Other contributions (incl. rollovers in) | $1,989,829 |
| Administrative expenses paid from the plan | $398,664 |
| Contract administrator fees | $121,128 |
| Investment advisory & management fees | $277,536 |
| Benefits paid out | $5,949,785 |
| Net assets, start / end of year | $71.9M / $94.3M |
| Active participants, start / end of year | 1,375 / 1,747 |
| Participants with account balances | 1,900 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Nichols, Cauley & Associates, LLC |
Largest service providers (Schedule C)
| Narwhal Capital Management LLC | $187,461 reported compensation |
| John Hancock | $128,326 reported compensation |
| Cambridge Wealth Advisors, LLC | $82,877 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015134805NAL0006295296001, received 2025-10-15, EIN 58-0652729, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.