Flatiron Construction Corp. 401(k) Review & Grade
Flatiron Construction Corp. 401(k) Profit Sharing Plan
Broomfield, COConstruction1,478 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,377Employer $ per active participant
$10,692Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$261.0MNet plan assets, end of year
$118,462Average balance per account
Score breakdown
- Employer generosity47.2 / 5094th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 57th |
| Employee saving | 95th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $1,313 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Flatiron Construction put in about $7,377 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 | $10,902,774 |
| Participant (employee) contributions | $15,802,200 |
| Other contributions (incl. rollovers in) | $3,734,623 |
| Administrative expenses paid from the plan | $441,226 |
| Contract administrator fees | $2,100 |
| Investment advisory & management fees | $151,400 |
| Benefits paid out | $25,968,996 |
| Net assets, start / end of year | $222.8M / $261.0M |
| Active participants, start / end of year | 1,384 / 1,572 |
| Participants with account balances | 2,203 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $251,980 reported compensation |
| Strategic Advisors, Inc. | $86,909 reported compensation |
| Usi Advisors Inc. | $64,491 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251012143612NAL0000137827001, received 2025-10-12, EIN 04-3147491, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.