Jacobsen Construction Company, Inc. 401(k) Review & Grade
Jacobsen Construction Company, Inc. 401(k) Plan
Salt Lake City, UTConstruction710 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$930Employer $ per active participant
$6,755Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$55.9MNet plan assets, end of year
$66,918Average balance per account
Score breakdown
- Employer generosity14.7 / 5029th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 30th |
| Employee saving | 81th |
| Peers that auto-enroll | 44% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $42,756 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jacobsen Construction Company put in about $930 per active participant, below the typical peer ($1,672). 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 (0.40% 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 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 | $660,109 |
| Participant (employee) contributions | $4,792,981 |
| Other contributions (incl. rollovers in) | $551,282 |
| Administrative expenses paid from the plan | $209,260 |
| Contract administrator fees | $209,260 |
| Benefits paid out | $5,311,327 |
| Net assets, start / end of year | $48.8M / $55.9M |
| Active participants, start / end of year | 696 / 723 |
| Participants with account balances | 835 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Tanner LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $210,517 reported compensation |
| Global Retirement Partners LLC | $91,682 reported compensation |
| Tanner LLC | $14,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001121118NAL0014231360001, received 2025-10-01, EIN 87-0256624, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.