David E. Harvey Builders, Inc. 401(k) Review & Grade
David E. Harvey Builders, Inc. Employee Savings Plan
Houston, TXConstruction647 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,693Employer $ per active participant
$6,256Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$91.4MNet plan assets, end of year
$121,764Average balance per account
Score breakdown
- Employer generosity35.6 / 5071th percentile for employer $ per participant
- Low cost16.6 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1578th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 66th |
| Employee saving | 78th |
| 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
- David E. Harvey Builders put in about $2,693 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.
- 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 | $1,742,070 |
| Participant (employee) contributions | $4,047,485 |
| Other contributions (incl. rollovers in) | $92,715 |
| Administrative expenses paid from the plan | $115,298 |
| Benefits paid out | $4,547,455 |
| Net assets, start / end of year | $79.2M / $91.4M |
| Active participants, start / end of year | 650 / 644 |
| Participants with account balances | 751 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weaver and Tidwell, L.L.P |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $115,298 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908114617NAL0019285825001, received 2025-09-08, EIN 76-0236902, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.