Strike Construction LLC 401(k) Review & Grade
The 401(k) Plan
Spring, TXConstruction928 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,057Employer $ per active participant
$2,025Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$33.0MNet plan assets, end of year
$61,069Average balance per account
Score breakdown
- Employer generosity16.7 / 5033th percentile for employer $ per participant
- Low cost13.5 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 54th |
| Employee saving | 22th |
| 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 ($1,579 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
- Strike Construction put in about $1,057 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.
- 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 | $981,130 |
| Participant (employee) contributions | $1,879,211 |
| Other contributions (incl. rollovers in) | $460,535 |
| Administrative expenses paid from the plan | $64,922 |
| Benefits paid out | $5,787,998 |
| Net assets, start / end of year | $31.4M / $33.0M |
| Active participants, start / end of year | 877 / 979 |
| Participants with account balances | 541 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fid Inv Inst Ops Co | $64,922 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260204125647NAL0003532241001, received 2026-02-04, EIN 87-4262928, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.