Dycom Industries, Inc. 401(k) Review & Grade
Dycom Industries, Inc. Retirement Savings Plan
West Palm Beach, FLInformation15,864 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$744Employer $ per active participant
$2,210Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$402.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.4 / 507th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score1 / 100 · Grade F
This plan vs. peers
Peers: Information plans with 10,000+ active participants (30 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 26th |
| Employee saving | 10th |
| Peers that auto-enroll | 60% |
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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 ($687,944 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $863,717 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dycom Industries put in about $744 per active participant, below the typical peer ($5,217). 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 (0.16% of assets) are well above similar-size plans (0.09%). 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 | $11,809,401 |
| Participant (employee) contributions | $35,056,052 |
| Other contributions (incl. rollovers in) | $5,182,366 |
| Administrative expenses paid from the plan | $596,344 |
| Investment advisory & management fees | $164,090 |
| Other admin expenses | $33,669 |
| Benefits paid out | $34,963,410 |
| Net assets, start / end of year | $337.2M / $402.4M |
| Active participants, start / end of year | 14,872 / 16,855 |
| Participants with account balances | 6,090 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lerrosarbey, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $398,585 reported compensation |
| Towers Watson Investment Services I | $154,568 reported compensation |
| Usi Advisors Inc | $9,522 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801065904NAL0003631715001, received 2025-08-01, EIN 59-1277135, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.