Multi-Craft Contractors, Inc. 401(k) Review & Grade
Multi-Craft Contractors, Inc. 401(k) Plan
Springdale, ARConstruction652 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,871Employer $ per active participant
$4,999Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$30.3MNet plan assets, end of year
$39,443Average balance per account
Score breakdown
- Employer generosity27.9 / 5056th percentile for employer $ per participant
- Low cost7.7 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 31th |
| Employee saving | 64th |
| 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
- Multi-Craft Contractors put in about $1,871 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 (0.40% 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 | $1,219,736 |
| Participant (employee) contributions | $3,259,599 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $112,005 |
| Contract administrator fees | $1,393 |
| Investment advisory & management fees | $39,375 |
| Benefits paid out | $3,558,816 |
| Net assets, start / end of year | $26.0M / $30.3M |
| Active participants, start / end of year | 690 / 614 |
| Participants with account balances | 769 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Katz, Sapper & Miller LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services LLC | $62,737 reported compensation |
| Pension Consultants | $39,375 reported compensation |
| Katz, Sapper & Miller | $8,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013090620NAL0000402787001, received 2025-10-13, EIN 71-0423846, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.