Sunland Asphalt & Construction, LLC 401(k) Review & Grade
Sunland Asphalt and Construction Employees 401(k) Savings Plan
Phoenix, AZConstruction1,042 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$923Employer $ per active participant
$2,885Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$34.0MNet plan assets, end of year
$59,853Average balance per account
Score breakdown
- Employer generosity14.6 / 5029th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 39th |
| Employee saving | 34th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $149,341 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sunland Asphalt & Construction put in about $923 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 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 | $961,299 |
| Participant (employee) contributions | $3,004,334 |
| Other contributions (incl. rollovers in) | $1,405,683 |
| Administrative expenses paid from the plan | $98,498 |
| Investment advisory & management fees | $22,308 |
| Other admin expenses | $30,997 |
| Benefits paid out | $4,198,119 |
| Net assets, start / end of year | $28.8M / $34.0M |
| Active participants, start / end of year | 749 / 1,334 |
| Participants with account balances | 568 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas PC |
Largest service providers (Schedule C)
| NFP Retirement, Inc. | $46,422 reported compensation |
| Fidelity Investments Institutional | $29,768 reported compensation |
| Curafin Advisors, LLC | $22,308 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015183119NAL0010753282001, received 2025-10-15, EIN 86-0455988, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.