Dick Anderson Construction, Inc. 401(k) Review & Grade
Dick Anderson Construction, Inc. Profit Sharing Plan
Helena, MTConstruction508 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,300Employer $ per active participant
$4,127Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$42.5MNet plan assets, end of year
$75,412Average balance per account
Score breakdown
- Employer generosity39.7 / 5079th percentile for employer $ per participant
- Low cost7.1 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 28th |
| Employee saving | 52th |
| 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 ($4,991 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Dick Anderson Construction put in about $3,300 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 (0.43% 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.
- 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 | $1,674,950 |
| Participant (employee) contributions | $2,094,299 |
| Other contributions (incl. rollovers in) | $732,442 |
| Administrative expenses paid from the plan | $152,440 |
| Contract administrator fees | $1,894 |
| Investment advisory & management fees | $17,311 |
| Other admin expenses | $21,582 |
| Benefits paid out | $2,037,747 |
| Net assets, start / end of year | $29.0M / $42.5M |
| Active participants, start / end of year | 489 / 526 |
| Participants with account balances | 564 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kcoe Isom, LLP |
Largest service providers (Schedule C)
| Osaic Wealth Inc | $74,241 reported compensation |
| Empower Annuity Insurance Company | $35,406 reported compensation |
| Randall & Hurley, Inc. | $28,867 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014141245NAL0001521587001, received 2025-10-14, EIN 81-0380463, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.