Tutor Perini Corporation 401(k) Review & Grade
Tutor Perini 401(k) Retirement Savings Plan
Sylmar, CAConstruction3,083 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,887Employer $ per active participant
$6,368Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$471.1MNet plan assets, end of year
$117,127Average balance per account
Score breakdown
- Employer generosity24.0 / 5048th percentile for employer $ per participant
- Low cost14.7 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 59th |
| Employee saving | 67th |
| Peers that auto-enroll | 57% |
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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
- Tutor Perini put in about $1,887 per active participant, below the typical peer ($1,965). 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 | $5,816,279 |
| Participant (employee) contributions | $19,632,272 |
| Other contributions (incl. rollovers in) | $2,636,292 |
| Administrative expenses paid from the plan | $424,635 |
| Other admin expenses | $1,300 |
| Benefits paid out | $45,198,151 |
| Net assets, start / end of year | $420.6M / $471.1M |
| Active participants, start / end of year | 3,133 / 3,033 |
| Participants with account balances | 4,022 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Miller Kaplan Arase LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $158,875 reported compensation |
| Miller, Kaplan, Arase & Co., LLP | $19,000 reported compensation |
| Charles Schwab & Co., Inc. | $282 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015135435NAL0006317584001, received 2025-10-15, EIN 04-1717070, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.