Layton Construction Company, LLC 401(k) Review & Grade
Layton Construction Company, LLC 401(k) Profit Sharing Plan
Sandy, UTConstruction1,261 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,664Employer $ per active participant
$8,463Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$153.7MNet plan assets, end of year
$78,556Average balance per account
Score breakdown
- Employer generosity41.1 / 5082th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 90th |
| Employee saving | 88th |
| Peers that auto-enroll | 44% |
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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 ($511,139 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Layton Construction Company put in about $3,664 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 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 | $4,619,930 |
| Participant (employee) contributions | $10,672,111 |
| Other contributions (incl. rollovers in) | $1,274,014 |
| Administrative expenses paid from the plan | $57,221 |
| Investment advisory & management fees | $37,485 |
| Benefits paid out | $10,165,765 |
| Net assets, start / end of year | $127.8M / $153.7M |
| Active participants, start / end of year | 1,150 / 1,372 |
| Participants with account balances | 1,957 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grassi & Co. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $37,485 reported compensation |
| Fidelity Investments Institutional | $19,736 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003140520NAL0002423616001, received 2025-10-03, EIN 87-0660059, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.