Industry23 - Construction
Plan typeDefined contribution
Participants<25
Cohort54,761 peers
Snapshot2024
Participant deferral / active EE
Employer contribution / active EE
Admin fee / account holder
Overall peer rank
57th 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 codes2E2F2G2J2S2T3D3H
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.
- 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.
- 3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
- 3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).