Pave America Interco, LLC 401(k) Review & Grade
Pave America 401(k) Plan
Warrenton, VAConstruction1,162 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,429Employer $ per active participant
$5,156Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$47.0MNet plan assets, end of year
$51,347Average balance per account
Score breakdown
- Employer generosity33.0 / 5066th percentile for employer $ per participant
- Low cost5.5 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1566th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 22th |
| Employee saving | 66th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $15,911 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pave America Interco put in about $2,429 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 | $2,822,462 |
| Participant (employee) contributions | $5,991,228 |
| Other contributions (incl. rollovers in) | $2,775,855 |
| Administrative expenses paid from the plan | $169,838 |
| Investment advisory & management fees | $49,576 |
| Benefits paid out | $5,739,366 |
| Net assets, start / end of year | $18.4M / $47.0M |
| Active participants, start / end of year | 632 / 1,692 |
| Participants with account balances | 916 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Thompson Greenspon |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $96,977 reported compensation |
| Kestra Investment Services LLC | $49,576 reported compensation |
| Thompson Greenspon | $23,285 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009144343NAL0007155153001, received 2025-10-09, EIN 87-1034990, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.