Structural Group Inc. 401(k) Review & Grade
Structural Group, Inc. 401(k) Savings Plan and Trust
Columbia, MDConstruction2,388 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,283Employer $ per active participant
$5,124Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$187.7MNet plan assets, end of year
$77,513Average balance per account
Score breakdown
- Employer generosity31.3 / 5063th percentile for employer $ per participant
- Low cost14.9 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 60th |
| Employee saving | 66th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Fraud or dishonesty loss: the plan reported a loss caused by fraud or dishonesty during the year.
Corrective distributions: the plan refunded $5,652 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Structural Group put in about $2,283 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 | $5,451,214 |
| Participant (employee) contributions | $12,236,347 |
| Other contributions (incl. rollovers in) | $997,707 |
| Administrative expenses paid from the plan | $291,672 |
| Contract administrator fees | $214,933 |
| Investment advisory & management fees | $76,739 |
| Benefits paid out | $11,302,649 |
| Net assets, start / end of year | $157.9M / $187.7M |
| Active participants, start / end of year | 2,372 / 2,404 |
| Participants with account balances | 2,421 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $214,933 reported compensation |
| Sageview Advisory Group, LLC | $76,739 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009095217NAL0003474723001, received 2025-10-09, EIN 52-1071818, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.