Fisher Sand & Gravel Co. 401(k) Review & Grade
Fisher Profit Sharing and Prevailing Wage Plan
Dickinson, NDConstruction1,314 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,545Employer $ per active participant
$2,284Employee $ saved per active participant
0.42%Direct admin cost, % of plan assets
$84.2MNet plan assets, end of year
$67,723Average balance per account
Score breakdown
- Employer generosity46.5 / 5093th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 29th |
| Employee saving | 26th |
| 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
- Fisher Sand & Gravel put in about $6,545 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 (0.42% 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 | $8,602,893 |
| Participant (employee) contributions | $3,002,522 |
| Other contributions (incl. rollovers in) | $147,092 |
| Administrative expenses paid from the plan | $332,442 |
| Investment advisory & management fees | $112,876 |
| Benefits paid out | $9,635,236 |
| Net assets, start / end of year | $74.3M / $84.2M |
| Active participants, start / end of year | 1,299 / 1,330 |
| Participants with account balances | 1,244 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brady, Martz & Associates, P.C. |
Largest service providers (Schedule C)
| Bravera Wealth | $332,442 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015222228NAL0011722658001, received 2025-10-15, EIN 45-0308561, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.