Bechtel Global Corporation 401(k) Review & Grade
Bechtel Trust & Thrift Plan
Glendale, AZConstruction8,258 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$11,367Employer $ per active participant
$14,691Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$6.1BNet plan assets, end of year
$383,591Average balance per account
Score breakdown
- Employer generosity49.3 / 5099th percentile for employer $ per participant
- Low cost15.8 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 63th |
| Employee saving | 100th |
| Peers that auto-enroll | 57% |
Red flags from the filing
Corrective distributions: the plan refunded $55,463 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bechtel Global put in about $11,367 per active participant, more than the typical peer ($1,965). 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 | $93,876,111 |
| Participant (employee) contributions | $121,323,276 |
| Other contributions (incl. rollovers in) | $27,207,428 |
| Administrative expenses paid from the plan | $4,859,842 |
| Investment advisory & management fees | $4,435,862 |
| Other admin expenses | $10,800 |
| Benefits paid out | $520,819,424 |
| Net assets, start / end of year | $5.7B / $6.1B |
| Active participants, start / end of year | 7,971 / 8,546 |
| Participants with account balances | 15,811 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $4,500,966 reported compensation |
| Empower Annuity Insurance Company | $403,546 reported compensation |
| Towers Watson Delaware, Inc. | $10,800 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250724172855NAL0006560784001, received 2025-07-24, EIN 80-0848899, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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