The Donohoe Companies, Inc. 401(k) Review & Grade
The Donohoe Profit Sharing/401(k) Savings Plan
Bethesda, MDConstruction816 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,117Employer $ per active participant
$6,664Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$131.2MNet plan assets, end of year
$140,577Average balance per account
Score breakdown
- Employer generosity30.7 / 5061th percentile for employer $ per participant
- Low cost23.6 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 94th |
| Employee saving | 80th |
| 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
- Donohoe Companies put in about $2,117 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 | $1,727,409 |
| Participant (employee) contributions | $5,437,427 |
| Other contributions (incl. rollovers in) | $961,681 |
| Administrative expenses paid from the plan | $29,687 |
| Other admin expenses | $600 |
| Benefits paid out | $10,728,211 |
| Net assets, start / end of year | $118.3M / $131.2M |
| Active participants, start / end of year | 810 / 822 |
| Participants with account balances | 933 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Calibre CPA Group LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $29,087 reported compensation |
| Qdro Consultants Company, LLC | $600 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008162929NAL0014251154001, received 2025-10-08, EIN 20-5044868, plan #334, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.