Maschmeyer Concrete Company of Florida 401(k) Review & Grade
Maschmeyer Concrete Company 401(k) Plan
Lake Park, FLConstruction618 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,770Employer $ per active participant
$3,107Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$15.5MNet plan assets, end of year
$39,023Average balance per account
Score breakdown
- Employer generosity26.6 / 5053th percentile for employer $ per participant
- Low cost9.1 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1538th percentile for employee $ per participant
- Plan features3 / 10Default investment
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 | 36th |
| Employee saving | 38th |
| 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
- Maschmeyer Concrete Company of Florida put in about $1,770 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.
- 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 | $1,093,692 |
| Participant (employee) contributions | $1,920,246 |
| Other contributions (incl. rollovers in) | $29,851 |
| Administrative expenses paid from the plan | $46,380 |
| Contract administrator fees | $43,630 |
| Benefits paid out | $1,329,670 |
| Net assets, start / end of year | $12.0M / $15.5M |
| Active participants, start / end of year | 583 / 653 |
| Participants with account balances | 398 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Templeton & Company, LLP |
Largest service providers (Schedule C)
| Cadaret Grant & Co. | $30,020 reported compensation |
| Osaic Wealth, Inc | $12,770 reported compensation |
| The Aimpoint Group, LLC | $6,232 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015075912NAL0004014577001, received 2025-10-15, EIN 31-1207217, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.