The Lane Construction Corporation 401(k) Review & Grade
The Lane Construction Corporation 401(k) Savings Plan
Charlotte, NCConstruction1,887 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,426Employer $ per active participant
$4,288Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$213.4MNet plan assets, end of year
$65,870Average balance per account
Score breakdown
- Employer generosity39.9 / 5080th percentile for employer $ per participant
- Low cost15.4 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 62th |
| Employee saving | 55th |
| 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
- Lane Construction put in about $3,426 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 | $6,465,338 |
| Participant (employee) contributions | $8,090,591 |
| Other contributions (incl. rollovers in) | $531,942 |
| Administrative expenses paid from the plan | $326,148 |
| Other admin expenses | $326,148 |
| Benefits paid out | $29,616,435 |
| Net assets, start / end of year | $198.7M / $213.4M |
| Active participants, start / end of year | 2,024 / 1,750 |
| Participants with account balances | 3,240 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $53,420 reported compensation |
| Fidelity Investments Institutional | −$68,249 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009100100NAL0006800641001, received 2025-10-09, EIN 06-0421150, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.