Crowder Constructors Inc. 401(k) Review & Grade
Crowder Constructors 401(k) Savings and Profit-Sharing Plan
Charlotte, NCConstruction704 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,102Employer $ per active participant
$7,526Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$76.3MNet plan assets, end of year
$90,765Average balance per account
Score breakdown
- Employer generosity30.2 / 5060th percentile for employer $ per participant
- Low cost11.6 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 46th |
| Employee saving | 84th |
| Peers that auto-enroll | 44% |
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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
- Crowder Constructors put in about $2,102 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 | $1,479,714 |
| Participant (employee) contributions | $5,298,294 |
| Other contributions (incl. rollovers in) | $208,295 |
| Administrative expenses paid from the plan | $190,648 |
| Contract administrator fees | $190,648 |
| Benefits paid out | $6,357,208 |
| Net assets, start / end of year | $72.6M / $76.3M |
| Active participants, start / end of year | 726 / 682 |
| Participants with account balances | 841 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Greerwalker LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $190,648 reported compensation |
| Creative Planning, Inc. | $48,724 reported compensation |
| Creative Planning, LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008123248NAL0003280531001, received 2025-10-08, EIN 26-0388512, plan #002, plan year 2024-04-01 to 2025-03-31. Verify at efast.dol.gov.