Superior Construction Company 401(k) Review & Grade
Superior Construction Co., Inc. Employees' 401(k) Savings Plan
Jacksonville, FLConstruction1,164 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,726Employer $ per active participant
$3,223Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$38.8MNet plan assets, end of year
$59,418Average balance per account
Score breakdown
- Employer generosity25.8 / 5052th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 39th |
| Employee saving | 41th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($144,962 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $923 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Superior Construction put in about $1,726 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,010,019 |
| Participant (employee) contributions | $3,752,854 |
| Other contributions (incl. rollovers in) | $205,704 |
| Administrative expenses paid from the plan | $113,899 |
| Investment advisory & management fees | $50,000 |
| Benefits paid out | $6,520,047 |
| Net assets, start / end of year | $34.6M / $38.8M |
| Active participants, start / end of year | 988 / 1,341 |
| Participants with account balances | 653 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Assurance Dimensions |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $63,899 reported compensation |
| NFP Retirement Inc | $50,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009125228NAL0010980512001, received 2025-10-09, EIN 35-1035114, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.