Railworks Corporation 401(k) Review & Grade
Railworks Corporation Incentive Plan
New York, NYTransportation & Warehousing1,074 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,885Employer $ per active participant
$7,106Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$108.0MNet plan assets, end of year
$81,244Average balance per account
Score breakdown
- Employer generosity44.6 / 5089th percentile for employer $ per participant
- Low cost23.8 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1587th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 95th |
| Employee saving | 87th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Railworks put in about $3,885 per active participant, more than the typical peer ($1,070). 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 | $4,174,727 |
| Participant (employee) contributions | $7,635,187 |
| Other contributions (incl. rollovers in) | $201,469 |
| Administrative expenses paid from the plan | $20,350 |
| Benefits paid out | $10,768,179 |
| Net assets, start / end of year | $93.9M / $108.0M |
| Active participants, start / end of year | 1,122 / 1,027 |
| Participants with account balances | 1,329 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Kestra Investment Services LLC | $95,215 reported compensation |
| Fidelity Investments Institutional | $20,350 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013214420NAL0000954723001, received 2025-10-13, EIN 58-2382378, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.