Performance Contractors, Inc. 401(k) Review & Grade
Performance Contractors, Inc. 401(k) Salary Savings Plan
Baton Rouge, LAConstruction4,511 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$398Employer $ per active participant
$1,651Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$127.6MNet plan assets, end of year
$36,418Average balance per account
Score breakdown
- Employer generosity6.0 / 5012th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 26th |
| Employee saving | 16th |
| Peers that auto-enroll | 57% |
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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
- Performance Contractors put in about $398 per active participant, below the typical peer ($1,965). 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 (0.27% of assets) are well above similar-size plans (0.12%). 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 | $1,796,073 |
| Participant (employee) contributions | $7,446,719 |
| Other contributions (incl. rollovers in) | $183,941 |
| Administrative expenses paid from the plan | $315,629 |
| Other admin expenses | $315,629 |
| Benefits paid out | $8,486,688 |
| Net assets, start / end of year | $109.9M / $127.6M |
| Active participants, start / end of year | 4,646 / 4,376 |
| Participants with account balances | 3,503 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Maddox & Associates Apc |
Largest service providers (Schedule C)
| Alerus Financial, N.A. | $315,629 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014075306NAL0003322208001, received 2025-10-14, EIN 72-0875986, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.