Largo Concrete, Inc. 401(k) Review & Grade
Largo Concrete, Inc. 401(k) Profit Sharing Plan
Tustin, CAConstruction546 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,338Employer $ per active participant
$5,429Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$29.2MNet plan assets, end of year
$42,688Average balance per account
Score breakdown
- Employer generosity20.8 / 5042th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 26th |
| Employee saving | 70th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $99,226 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Largo Concrete put in about $1,338 per active participant, below the typical peer ($1,672). 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.
- Direct plan expenses (0.45% 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 | $730,697 |
| Participant (employee) contributions | $2,964,325 |
| Other contributions (incl. rollovers in) | $251,621 |
| Administrative expenses paid from the plan | $123,140 |
| Contract administrator fees | $123,140 |
| Benefits paid out | $3,549,310 |
| Net assets, start / end of year | $25.1M / $29.2M |
| Active participants, start / end of year | 627 / 465 |
| Participants with account balances | 683 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Tri-Ad Actuaries, Inc. | $123,140 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013182225NAL0001723905001, received 2025-10-13, EIN 77-0226865, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.