Primoris Services Corporation 401(k) Review & Grade
Primoris Services Corporation 401(k) Retirement Savings Plan
Dallas, TXConstruction11,854 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,615Employer $ per active participant
$3,104Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$401.5MNet plan assets, end of year
$55,343Average balance per account
Score breakdown
- Employer generosity21.4 / 5043th percentile for employer $ per participant
- Low cost12.5 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 50th |
| Employee saving | 37th |
| Peers that auto-enroll | 50% |
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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 ($11,355 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $4,102 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Primoris Services put in about $1,615 per active participant, below the typical peer ($2,229). 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.
- 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 | $19,144,914 |
| Participant (employee) contributions | $36,794,032 |
| Other contributions (incl. rollovers in) | $9,328,488 |
| Administrative expenses paid from the plan | $328,956 |
| Investment advisory & management fees | $1,038 |
| Benefits paid out | $61,629,822 |
| Net assets, start / end of year | $355.1M / $401.5M |
| Active participants, start / end of year | 11,457 / 12,250 |
| Participants with account balances | 7,254 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $42,338 reported compensation |
| Wealth Management Systems Inc | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014104526NAL0001236755001, received 2025-10-14, EIN 84-3707404, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.