Sunland Construction, Inc. 401(k) Review & Grade
Sunland Construction, Inc. Profit Sharing 401(k) Plan
Eunice, LAConstruction1,140 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$404Employer $ per active participant
$2,786Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$54.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.2 / 5012th percentile for employer $ per participant
- Low cost18.7 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 75th |
| Employee saving | 34th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $340,239 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sunland Construction put in about $404 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 | $460,229 |
| Participant (employee) contributions | $3,176,087 |
| Other contributions (incl. rollovers in) | $49,744 |
| Administrative expenses paid from the plan | $50,531 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $60,494 |
| Benefits paid out | $6,615,186 |
| Net assets, start / end of year | $50.6M / $54.7M |
| Active participants, start / end of year | 709 / 1,571 |
| Participants with account balances | 461 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Darnall Sikes & Frederick |
Largest service providers (Schedule C)
| Wells Fargo Clearing Services LLC | $60,494 reported compensation |
| Fidelity Investments Institutional | −$9,963 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916090121NAL0001081059001, received 2025-09-16, EIN 72-0751401, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.