Hunter Contracting Co., Inc. 401(k) Review & Grade
Hunter Contracting Co. Inc. Profit Sharing Plan & Trust
Gilbert, AZConstruction546 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,056Employer $ per active participant
$4,185Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$24.2MNet plan assets, end of year
$36,184Average balance per account
Score breakdown
- Employer generosity38.1 / 5076th percentile for employer $ per participant
- Low cost6.1 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 24th |
| Employee saving | 53th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $12,784 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hunter Contracting Co. put in about $3,056 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.
- Direct plan expenses (0.48% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,667,021 |
| Participant (employee) contributions | $2,283,175 |
| Other contributions (incl. rollovers in) | $130,638 |
| Administrative expenses paid from the plan | $104,885 |
| Investment advisory & management fees | $34,370 |
| Benefits paid out | $1,993,859 |
| Net assets, start / end of year | $19.3M / $24.2M |
| Active participants, start / end of year | 538 / 553 |
| Participants with account balances | 668 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Price Kong & Co., C.p.a.s, P.A. |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $57,846 reported compensation |
| United Planners Financial Services | $34,370 reported compensation |
| Price Kong & Co | $12,669 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916125503NAL0001884177001, received 2025-09-16, EIN 86-0172434, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.