Suntec Concrete, Inc. 401(k) Review & Grade
Suntec Concrete, Inc. 401(k) Profit Sharing Plan
Phoenix, AZConstruction1,296 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,282Employer $ per active participant
$5,008Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$156.0MNet plan assets, end of year
$85,362Average balance per account
Score breakdown
- Employer generosity48.0 / 5096th percentile for employer $ per participant
- Low cost16.9 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1564th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 68th |
| Employee saving | 64th |
| Peers that auto-enroll | 44% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Suntec Concrete put in about $8,282 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 | $10,733,149 |
| Participant (employee) contributions | $6,489,753 |
| Other contributions (incl. rollovers in) | $536,667 |
| Administrative expenses paid from the plan | $190,066 |
| Contract administrator fees | $125,101 |
| Other admin expenses | $64,965 |
| Benefits paid out | $19,816,761 |
| Net assets, start / end of year | $140.1M / $156.0M |
| Active participants, start / end of year | 1,345 / 1,247 |
| Participants with account balances | 1,828 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mansperger, Patterson & Mcmullin |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $124,528 reported compensation |
| LPL Financial LLC - Rpcp | $75,000 reported compensation |
| Matthews, Gold, Kennedy & Snow Inc | $24,993 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014135409NAL0001494547001, received 2025-10-14, EIN 86-0864047, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.