The Drees Company 401(k) Review & Grade
The Drees Company Profit Sharing Plan
Fort Mitchell, KYConstruction792 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,881Employer $ per active participant
$11,711Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$159.8MNet plan assets, end of year
$155,931Average balance per account
Score breakdown
- Employer generosity48.7 / 5097th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 65th |
| Employee saving | 98th |
| 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
- Drees put in about $9,881 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.
- 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 | $7,825,774 |
| Participant (employee) contributions | $9,275,074 |
| Other contributions (incl. rollovers in) | $457,814 |
| Administrative expenses paid from the plan | $215,545 |
| Investment advisory & management fees | $71,168 |
| Other admin expenses | $38,466 |
| Benefits paid out | $11,955,152 |
| Net assets, start / end of year | $147.3M / $159.8M |
| Active participants, start / end of year | 759 / 825 |
| Participants with account balances | 1,025 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dean Dorton Allen Ford PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $106,558 reported compensation |
| Strategic Advisors, Inc. | $71,168 reported compensation |
| Highland Consulting Associates, in | $38,466 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251218082436NAL0007504416001, received 2025-12-18, EIN 61-0675670, plan #001, plan year 2024-04-01 to 2025-03-31. Verify at efast.dol.gov.