Harper Brothers Construction LLC 401(k) Review & Grade
Harper Brothers Construction LLC 401(k) Plan
Houston, TXConstruction740 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,860Employer $ per active participant
$3,013Employee $ saved per active participant
0.98%Direct admin cost, % of plan assets
$15.7MNet plan assets, end of year
$20,905Average balance per account
Score breakdown
- Employer generosity27.7 / 5055th percentile for employer $ per participant
- Low cost1.7 / 257th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 7th |
| Employee saving | 36th |
| 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
- Harper Brothers Construction put in about $1,860 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 (0.98% 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 | $1,376,420 |
| Participant (employee) contributions | $2,229,410 |
| Other contributions (incl. rollovers in) | $237,111 |
| Administrative expenses paid from the plan | $133,038 |
| Contract administrator fees | $112,288 |
| Benefits paid out | $1,038,737 |
| Net assets, start / end of year | $11.4M / $15.7M |
| Active participants, start / end of year | 740 / 0 |
| Participants with account balances | 752 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Melton & Melton, LLP |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $8,672 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015102424NAL0005945168001, received 2025-10-15, EIN 47-1129481, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.