Myr Group Inc. 401(k) Review & Grade
Diversified Holdings Group Employee Savings Plan
Thornton, COConstruction1,230 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,050Employer $ per active participant
$7,181Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$221.6MNet plan assets, end of year
$134,210Average balance per account
Score breakdown
- Employer generosity48.6 / 5097th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score90 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 77th |
| Employee saving | 83th |
| 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
- Myr Group put in about $9,050 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.
- 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 | $11,126,372 |
| Participant (employee) contributions | $8,829,538 |
| Other contributions (incl. rollovers in) | $1,317,663 |
| Administrative expenses paid from the plan | $183,142 |
| Investment advisory & management fees | $65,666 |
| Other admin expenses | $900 |
| Benefits paid out | $20,589,993 |
| Net assets, start / end of year | $192.1M / $221.6M |
| Active participants, start / end of year | 1,240 / 1,219 |
| Participants with account balances | 1,651 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $116,576 reported compensation |
| Empower Advisory Group, LLC | $65,666 reported compensation |
| Qdro Consultants | $900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006141844NAL0006243104001, received 2025-10-06, EIN 36-3158643, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.