Madden Contracting Company, LLC 401(k) Review & Grade
Madden Contracting 401(k) Plan
Sibley, LAConstruction564 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,279Employer $ per active participant
$2,147Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$30.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity39.5 / 5079th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 22th |
| Employee saving | 24th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $47,296 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Madden Contracting Company put in about $3,279 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 (0.52% 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.
- 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 | $1,851,173 |
| Participant (employee) contributions | $1,211,726 |
| Other contributions (incl. rollovers in) | $95,825 |
| Administrative expenses paid from the plan | $144,898 |
| Other admin expenses | $16,593 |
| Benefits paid out | $1,025,461 |
| Net assets, start / end of year | $25.4M / $30.2M |
| Active participants, start / end of year | 302 / 827 |
| Participants with account balances | 180 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Heard, Mcelroy & Vestal, LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $128,305 reported compensation |
| Heard, Mcelroy & Vestal, LLC | $17,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013141057NAL0001475457001, received 2025-10-13, EIN 72-0574611, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.