Robins & Morton 401(k) Review & Grade
The Robins & Morton Retirement Savings Plan
Birmingham, ALConstruction1,466 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,453Employer $ per active participant
$8,253Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$221.7MNet plan assets, end of year
$124,339Average balance per account
Score breakdown
- Employer generosity47.4 / 5095th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 67th |
| Employee saving | 87th |
| 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
- Robins & Morton put in about $7,453 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 | $10,922,572 |
| Participant (employee) contributions | $12,095,372 |
| Other contributions (incl. rollovers in) | $411,861 |
| Administrative expenses paid from the plan | $268,398 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $117,528 |
| Benefits paid out | $13,241,826 |
| Net assets, start / end of year | $186.3M / $221.7M |
| Active participants, start / end of year | 1,409 / 1,522 |
| Participants with account balances | 1,783 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Coker and Company LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $156,441 reported compensation |
| Captrust | $117,528 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014134946NAL0004142608001, received 2025-10-14, EIN 63-1076743, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.