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Retirement plan

BECHTEL TRUST & THRIFT PLAN

BECHTEL GLOBAL CORPORATIONEIN 80-0848899Plan #001PY 2024
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C/O BECHTEL RETIREMENT PLANS GROUP, 5323 N 99TH AVENUE SUITE 100 - GLENDALE, AZ 85305602-368-1500
Prospect flagsHigh feesHigh assets / participantCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(602) 368-1500
Plan administrator signer
CAROL SUNG
Signed 07/24/2025
Plan administrator entity
C/O BECHTEL RETIREMENT PLANS GROUP
EIN 800848899
5323 N 99TH AVENUE SUITE 100 · GLENDALE, AZ 85305
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Summary metrics

Total assets (EOY)
$6067.3M
-2.5% from 2016
Total participants
16,550
+7.1% from 2016
Average account balance
$383,738
-6.9% from 2016
Annual return
11.98%
-7.48 pp from 2016

Benchmarks

See 80 peers
Peer group
Industry23 - Construction
Plan typeDefined contribution
Participants5,000-9,999
Cohort80 peers
Snapshot2024
Participant deferral / active EE
$14,196
median $2,732
Employer contribution / active EE
$10,985
median $2,739
Participation rate
91.4%
median 96.0%
Avg account balance
$383,738
median $64,098
Admin fee / account holder
$307
median $118
Annual return
11.98%
median 13.72%
Overall peer rank
56th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$6.07B
Average account balance
Total assets / participants with a balance (line 6g)
$384K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
15,811
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
91.4%
Contributions (total)
Employer and participant dollars contributed each year
$215.20M
Contributions per participant
Average employer and participant contribution per enrolled participant
$25K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+11.98%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$307
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 3 by compensation
ProviderService typeCompensation
EMPOWER ADVISORY GROUP, LLC3 years
Service code 26 · EIN 84-1532243
Advisory (Participants)
$4,500,966
EMPOWER ANNUITY INSURANCE COMPANY3 years
Service code 15 · EIN 84-0467907
Recordkeeping
$403,546
TOWERS WATSON DELAWARE, INC.6 years
Service code 30 · EIN 53-0181291
Employee (plan); Other services; Dire...
$10,800

Plan features & details

Pension benefit codes2E2F2G2J2K3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$4.9M
$569 / participant
  • Recordkeeping$413K8.5%
  • Investment mgmt$4M91.3%
  • Other / not subdivided$11K0.2%
% of EOY assets
0.080%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
CROWE LLP
Auditor EIN
350921680
Audit fees
$0
Opinion code
Unqualified