Overland Contracting Inc. 401(k) Review & Grade
Construction 401(k) Plan
Overland Park, KSConstruction2,302 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$94Employer $ per active participant
$381Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$3.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.4 / 505th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 43th |
| Employee saving | 3th |
| 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
- Overland Contracting put in about $94 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 | $216,132 |
| Participant (employee) contributions | $876,147 |
| Other contributions (incl. rollovers in) | $17,223 |
| Administrative expenses paid from the plan | $8,995 |
| Investment advisory & management fees | $108 |
| Benefits paid out | $1,219,457 |
| Net assets, start / end of year | $3.1M / $3.4M |
| Active participants, start / end of year | 2,698 / 1,906 |
| Participants with account balances | 210 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pickett Chaney & Mcmullen LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $9,227 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251030144656NAL0002415041001, received 2025-10-30, EIN 48-1192113, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.