Everus Construction Group, Inc. 401(k) Review & Grade
Everus 401(k) Plan
Bismarck, NDConstruction1,596 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,692Employer $ per active participant
$2,379Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$194.5MNet plan assets, end of year
$106,019Average balance per account
Score breakdown
- Employer generosity35.5 / 5071th percentile for employer $ per participant
- Low cost23.4 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 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 | 94th |
| Employee saving | 28th |
| 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
- Everus Construction Group put in about $2,692 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 | $4,297,036 |
| Participant (employee) contributions | $3,796,618 |
| Other contributions (incl. rollovers in) | $1,739,392 |
| Administrative expenses paid from the plan | $52,949 |
| Contract administrator fees | $38,929 |
| Investment advisory & management fees | $14,020 |
| Benefits paid out | $4,576,736 |
| Net assets, start / end of year | $0 / $194.5M |
| Active participants, start / end of year | 1,589 / 1,603 |
| Participants with account balances | 1,835 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
| Employer stock held by plan | $13,228,131 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $38,929 reported compensation |
| Edelman Financial Engines, LLC | $14,020 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250721080502NAL0001143185001, received 2025-07-21, EIN 99-1952207, plan #001, plan year 2024-09-01 to 2024-12-31. Verify at efast.dol.gov.