Dawson Technical Inc. 401(k) Review & Grade
Dawson Technical 401(k) Profit Sharing Plan & Trust
Denver, COConstruction1,354 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,887Employer $ per active participant
$4,838Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$45.5MNet plan assets, end of year
$46,244Average balance per account
Score breakdown
- Employer generosity28.1 / 5056th percentile for employer $ per participant
- Low cost6.4 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 25th |
| Employee saving | 61th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($24,206 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $35,003 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dawson Technical put in about $1,887 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 (0.46% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,555,587 |
| Participant (employee) contributions | $6,552,407 |
| Other contributions (incl. rollovers in) | $1,966,181 |
| Administrative expenses paid from the plan | $190,773 |
| Investment advisory & management fees | $67,101 |
| Benefits paid out | $7,782,711 |
| Net assets, start / end of year | $36.8M / $45.5M |
| Active participants, start / end of year | 1,317 / 1,392 |
| Participants with account balances | 983 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hutchinson and Bloodgood LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $107,870 reported compensation |
| Resources Investment Advisors, Inc. | $67,101 reported compensation |
| Resources Investment Advisors LLC | $15,802 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250820051519NAL0004978544001, received 2025-08-20, EIN 20-1625805, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.