Ledcor Contractors Group, Inc. 401(k) Review & Grade
Ledcor Contractors Group, Inc. 401(k) Plan
San Diego, CAConstruction949 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,757Employer $ per active participant
$5,642Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$63.9MNet plan assets, end of year
$46,221Average balance per account
Score breakdown
- Employer generosity26.5 / 5053th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 39th |
| Employee saving | 72th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $25,486 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ledcor Contractors Group put in about $1,757 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 | $1,667,531 |
| Participant (employee) contributions | $5,353,928 |
| Other contributions (incl. rollovers in) | $859,022 |
| Administrative expenses paid from the plan | $188,662 |
| Investment advisory & management fees | $96,280 |
| Benefits paid out | $8,355,597 |
| Net assets, start / end of year | $57.3M / $63.9M |
| Active participants, start / end of year | 923 / 975 |
| Participants with account balances | 1,382 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bartlett Pringle and Wolf LLP |
Largest service providers (Schedule C)
| Morganstanleysmithbarneyllc | $96,280 reported compensation |
| Fidelity Investments Institutional | $81,818 reported compensation |
| Bartlett, Pringle, & Wolf, LLP | $10,564 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014163015NAL0006870386001, received 2025-10-14, EIN 98-0081193, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.