Markham Contracting Co., Inc. 401(k) Review & Grade
Markham Contracting Co., Inc. 401(k) Profit Sharing Plan
Phoenix, AZConstruction506 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,112Employer $ per active participant
$1,458Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$16.5MNet plan assets, end of year
$39,153Average balance per account
Score breakdown
- Employer generosity30.6 / 5061th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue 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 | 61th |
| Lower admin cost | 26th |
| Employee saving | 13th |
| 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 ($15,821 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
- Markham Contracting Co. put in about $2,112 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 (0.46% 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 | $1,069,695 |
| Participant (employee) contributions | $738,593 |
| Other contributions (incl. rollovers in) | $3,498,736 |
| Administrative expenses paid from the plan | $63,110 |
| Contract administrator fees | $63,110 |
| Benefits paid out | $1,216,279 |
| Net assets, start / end of year | $11.1M / $16.5M |
| Active participants, start / end of year | 520 / 493 |
| Participants with account balances | 421 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $49,448 reported compensation |
| Capfinancial Partners LLC | $13,662 reported compensation |
| Empower Annuity Insurance Company O | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006095844NAL0005811232001, received 2025-10-06, EIN 86-0339647, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.