North Texas Contracting, Inc. 401(k) Review & Grade
North Texas Contracting, Inc 401(k) Savings Plan
Ponder, TXConstruction762 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$840Employer $ per active participant
$1,965Employee $ saved per active participant
0.86%Direct admin cost, % of plan assets
$17.7MNet plan assets, end of year
$27,638Average balance per account
Score breakdown
- Employer generosity13.8 / 5028th percentile for employer $ per participant
- Low cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 9th |
| Employee saving | 22th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $84,699 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- North Texas Contracting put in about $840 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 (0.86% 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 | $640,156 |
| Participant (employee) contributions | $1,496,965 |
| Other contributions (incl. rollovers in) | $1,524,255 |
| Administrative expenses paid from the plan | $134,222 |
| Investment advisory & management fees | $92,465 |
| Benefits paid out | $1,157,272 |
| Net assets, start / end of year | $13.7M / $17.7M |
| Active participants, start / end of year | 796 / 728 |
| Participants with account balances | 639 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Robert M. Stefancik, C.P.A |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $50,314 reported compensation |
| Empower Annuity Insurance Company | $41,757 reported compensation |
| Cetera Investment Advisers LLC | $35,126 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260410143235NAL0011584593001, received 2026-04-10, EIN 75-2337696, plan #001, plan year 2024-08-01 to 2025-07-31. Verify at efast.dol.gov.