Skanska USA Building Inc. 401(k) Review & Grade
Skanska USA Building Inc. Pension Benefit Plan and Trust
Parsippany, NJConstruction2,408 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,151Employer $ per active participant
$12,331Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$733.6MNet plan assets, end of year
$183,353Average balance per account
Score breakdown
- Employer generosity43.1 / 5086th percentile for employer $ per participant
- Low cost20.0 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 80th |
| Employee saving | 99th |
| 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
- Skanska USA Building put in about $4,151 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.
- 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 | $9,995,241 |
| Participant (employee) contributions | $29,694,078 |
| Other contributions (incl. rollovers in) | $2,903,835 |
| Administrative expenses paid from the plan | $539,802 |
| Other admin expenses | $539,802 |
| Benefits paid out | $63,106,135 |
| Net assets, start / end of year | $665.6M / $733.6M |
| Active participants, start / end of year | 2,410 / 2,406 |
| Participants with account balances | 4,001 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $383,282 reported compensation |
| The Vanguard Group, Inc. | $110,664 reported compensation |
| Captrust | $28,043 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014090355NAL0003485520001, received 2025-10-14, EIN 22-3752540, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.