Clune Construction Company, L.P. 401(k) Review & Grade
Clune Construction Company 401(k) Retirement Plan
Chicago, ILConstruction745 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,063Employer $ per active participant
$9,877Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$73.0MNet plan assets, end of year
$87,660Average balance per account
Score breakdown
- Employer generosity38.4 / 5077th percentile for employer $ per participant
- Low cost24.9 / 25100th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 100th |
| Employee saving | 94th |
| 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
- Clune Construction Company, L.P. put in about $3,063 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 | $2,282,251 |
| Participant (employee) contributions | $7,358,029 |
| Other contributions (incl. rollovers in) | $958,409 |
| Administrative expenses paid from the plan | $925 |
| Benefits paid out | $4,616,280 |
| Net assets, start / end of year | $59.5M / $73.0M |
| Active participants, start / end of year | 708 / 782 |
| Participants with account balances | 833 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $925 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250707140934NAL0002028099001, received 2025-07-07, EIN 36-4122141, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.