Peter Kiewit Sons, Inc. 401(k) Review & Grade
Peter Kiewit Sons, Inc. Retirement Savings Plan
Omaha, NEConstruction19,994 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,073Employer $ per active participant
$8,486Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$2.8BNet plan assets, end of year
$99,075Average balance per account
Score breakdown
- Employer generosity37.9 / 5076th percentile for employer $ per participant
- Low cost15.9 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 64th |
| Employee saving | 73th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,808 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Peter Kiewit Sons put in about $5,073 per active participant, more than the typical peer ($2,229). 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 | $101,437,093 |
| Participant (employee) contributions | $169,667,014 |
| Other contributions (incl. rollovers in) | $18,853,525 |
| Administrative expenses paid from the plan | $1,601,374 |
| Investment advisory & management fees | $349,791 |
| Benefits paid out | $250,956,914 |
| Net assets, start / end of year | $2.4B / $2.8B |
| Active participants, start / end of year | 17,030 / 22,958 |
| Participants with account balances | 28,251 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lutz and Company |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $1,254,003 reported compensation |
| Nepc LLC | $177,560 reported compensation |
| Strategic Advisors, Inc. | $172,232 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250820083348NAL0001529011001, received 2025-08-20, EIN 91-1842817, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.