Thompson Construction Group, Inc. 401(k) Review & Grade
Thompson Construction Group, Inc. 401(k) Profit Sharing Plan
Sumter, SCConstruction2,163 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,030Employer $ per active participant
$4,742Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$66.6MNet plan assets, end of year
$29,595Average balance per account
Score breakdown
- Employer generosity16.5 / 5033th percentile for employer $ per participant
- Low cost10.9 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 44th |
| Employee saving | 59th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $47,407 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Thompson Construction Group put in about $1,030 per active participant, below the typical peer ($1,672). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $2,227,511 |
| Participant (employee) contributions | $10,255,987 |
| Other contributions (incl. rollovers in) | $378,075 |
| Administrative expenses paid from the plan | $171,036 |
| Investment advisory & management fees | $17,914 |
| Other admin expenses | $66,939 |
| Benefits paid out | $11,434,423 |
| Net assets, start / end of year | $57.7M / $66.6M |
| Active participants, start / end of year | 2,290 / 2,036 |
| Participants with account balances | 2,251 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Burkett Burkett & Burkett,cpas P.A. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $86,183 reported compensation |
| Morgan Stanley & Co. LLC | $66,939 reported compensation |
| Strategic Advisors, Inc. | $17,914 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015130140NAL0006336720001, received 2025-10-15, EIN 57-0836917, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.