Highbury Concrete Inc. 401(k) Review & Grade
Highbury Concrete Inc. 401(k) Plan
Maspeth, NYConstruction603 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$217Employer $ per active participant
$528Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$2.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.1 / 508th percentile for employer $ per participant
- Low cost17.5 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving0.5 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 70th |
| Employee saving | 4th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,512 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Highbury Concrete put in about $217 per active participant, below the typical peer ($1,672). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- 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 | $130,906 |
| Participant (employee) contributions | $318,272 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $2,325 |
| Benefits paid out | $192,793 |
| Net assets, start / end of year | $1.7M / $2.2M |
| Active participants, start / end of year | 646 / 560 |
| Participants with account balances | 67 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250916100548NAL0004817074001, received 2025-09-16, EIN 46-2507279, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.