Suffolk Construction Company, Inc. 401(k) Review & Grade
Suffolk Construction Company, Inc. 401(k) Retirement Plan
Boston, MAConstruction2,054 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,503Employer $ per active participant
$12,468Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$336.4MNet plan assets, end of year
$122,645Average balance per account
Score breakdown
- Employer generosity40.3 / 5081th percentile for employer $ per participant
- Low cost18.4 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 73th |
| Employee saving | 99th |
| 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
- Suffolk Construction Company put in about $3,503 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $7,196,145 |
| Participant (employee) contributions | $25,610,239 |
| Other contributions (incl. rollovers in) | $6,111,961 |
| Administrative expenses paid from the plan | $314,993 |
| Investment advisory & management fees | $167,488 |
| Benefits paid out | $27,361,156 |
| Net assets, start / end of year | $280.0M / $336.4M |
| Active participants, start / end of year | 1,935 / 2,173 |
| Participants with account balances | 2,743 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $114,007 reported compensation |
| Global Retirement Partners LLC | $85,000 reported compensation |
| Strategic Advisors, Inc. | $82,488 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918134717NAL0001485761001, received 2025-09-18, EIN 04-2776356, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.