Centuri Group, Inc. 401(k) Review & Grade
NPL Construction Co. 401(k) Plan
Phoenix, AZConstruction1,048 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,030Employer $ per active participant
$1,609Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$17.2MNet plan assets, end of year
$14,845Average balance per account
Score breakdown
- Employer generosity16.6 / 5033th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 15th |
| Employee saving | 16th |
| Peers that auto-enroll | 44% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $22,214 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Centuri Group put in about $1,030 per active participant, below the typical peer ($1,672). 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 (0.66% 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 | $1,080,380 |
| Participant (employee) contributions | $1,687,560 |
| Other contributions (incl. rollovers in) | $93,787 |
| Administrative expenses paid from the plan | $107,187 |
| Other admin expenses | $107,187 |
| Benefits paid out | $2,910,984 |
| Net assets, start / end of year | $15.5M / $17.2M |
| Active participants, start / end of year | 997 / 1,100 |
| Participants with account balances | 1,158 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $100,211 reported compensation |
| Vanguard Advisers Inc. | $6,976 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015101426NAL0002129443001, received 2025-10-15, EIN 47-1771508, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.