Industry23 - Construction
Plan typeDefined contribution
Participants<25
Cohort42,031 peers
Snapshot2020
Participant deferral / active EE
Employer contribution / active EE
Admin fee / account holder
Overall peer rank
55th percentileavg across 6 metrics
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Analytics
Less than 3 years of history available for this plan
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Plan features & details
Pension benefit codes2E2J2F2G2K3H2S2T
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.
- 2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).