Swinerton Incorporated 401(k) Review & Grade
Swinerton 401(k) & Savings Plan
Concord, CAConstruction2,656 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,660Employer $ per active participant
$10,708Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$831.5MNet plan assets, end of year
$188,380Average balance per account
Score breakdown
- Employer generosity46.0 / 5092th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 71th |
| Employee saving | 91th |
| Peers that auto-enroll | 57% |
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
Corrective distributions: the plan refunded $991 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Swinerton Incorporated put in about $8,660 per active participant, more than the typical peer ($1,965). 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 | $23,005,434 |
| Participant (employee) contributions | $28,447,004 |
| Other contributions (incl. rollovers in) | $6,239,308 |
| Administrative expenses paid from the plan | $508,129 |
| Contract administrator fees | $508,129 |
| Benefits paid out | $80,417,768 |
| Net assets, start / end of year | $747.6M / $831.5M |
| Active participants, start / end of year | 2,606 / 2,707 |
| Participants with account balances | 4,414 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
| Employer stock held by plan | $410,158,398 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $513,985 reported compensation |
| NFP Retirement | $57,500 reported compensation |
| Baker Tilly US, LLP | $34,700 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015151039NAL0010300146001, received 2025-10-15, EIN 93-1132374, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.