Penhall International Corporation 401(k) Review & Grade
Penhall International Corp. and Affiliated Companies Employees' Profit
Irving, TXConstruction794 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,265Employer $ per active participant
$4,199Employee $ saved per active participant
0.72%Direct admin cost, % of plan assets
$43.3MNet plan assets, end of year
$41,034Average balance per account
Score breakdown
- Employer generosity19.5 / 5039th percentile for employer $ per participant
- Low cost3.1 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 12th |
| Employee saving | 53th |
| 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 ($34,299 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
- Penhall International put in about $1,265 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 (0.72% 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.
- 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 | $1,003,821 |
| Participant (employee) contributions | $3,331,936 |
| Other contributions (incl. rollovers in) | $140,937 |
| Administrative expenses paid from the plan | $292,781 |
| Contract administrator fees | $237,882 |
| Investment advisory & management fees | $54,877 |
| Other admin expenses | $22 |
| Benefits paid out | $4,567,364 |
| Net assets, start / end of year | $38.1M / $43.3M |
| Active participants, start / end of year | 721 / 866 |
| Participants with account balances | 1,054 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bauer & Company LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $244,670 reported compensation |
| Mma Securities LLC | $42,127 reported compensation |
| Bauer & Company,llc | $12,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008155507NAL0003413395001, received 2025-10-08, EIN 33-0349226, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.