Centuri Group, Inc. 401(k) Review & Grade
Centuri Group, Inc. Profit Sharing Plan
Phoenix, AZConstruction1,310 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,481Employer $ per active participant
$6,313Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$134.7MNet plan assets, end of year
$91,332Average balance per account
Score breakdown
- Employer generosity40.2 / 5080th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 60th |
| Employee saving | 78th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,887 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Centuri Group put in about $3,481 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $4,557,841 |
| Participant (employee) contributions | $8,266,718 |
| Other contributions (incl. rollovers in) | $333,730 |
| Administrative expenses paid from the plan | $213,886 |
| Other admin expenses | $213,886 |
| Benefits paid out | $14,639,697 |
| Net assets, start / end of year | $120.7M / $134.7M |
| Active participants, start / end of year | 1,359 / 1,260 |
| Participants with account balances | 1,475 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $150,207 reported compensation |
| Vanguard Advisers Inc. | $68,979 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015101929NAL0002231715001, received 2025-10-15, EIN 47-1771508, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.