Atlantic Constructors, Inc. 401(k) Review & Grade
Atlantic Constructors, Inc. 401(k) Plan
N Chesterfld, VAConstruction962 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,022Employer $ per active participant
$2,407Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$29.3MNet plan assets, end of year
$49,722Average balance per account
Score breakdown
- Employer generosity29.7 / 5059th percentile for employer $ per participant
- Low cost10.6 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 42th |
| Employee saving | 28th |
| 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
- Atlantic Constructors put in about $2,022 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 | $1,943,992 |
| Participant (employee) contributions | $2,314,050 |
| Other contributions (incl. rollovers in) | $746,241 |
| Administrative expenses paid from the plan | $74,940 |
| Contract administrator fees | $74,940 |
| Benefits paid out | $1,919,521 |
| Net assets, start / end of year | $23.2M / $29.3M |
| Active participants, start / end of year | 948 / 975 |
| Participants with account balances | 590 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Keiter |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $58,201 reported compensation |
| Retirement Plan Solutions, Inc. | $29,088 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250701081516NAL0006625875001, received 2025-07-01, EIN 27-0045547, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.