Blakely Construction 401(k) match, vesting and fees
What Blakely Construction's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Lincoln National Corporation | 2023 Schedule C ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 3,874 defined-contribution plans in construction with 100 to 499 participants.
| Blakely Construction: employer contribution per participant | $368 | |
| Peer median | $2,411 |
| Blakely Construction: average balance | $23,008 | |
| Peer median | $61,921 |
| Blakely Construction: admin expenses ÷ assets | 1.10% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $6.6M at the end of plan year 2021 to $7.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 379 | $7.4M | $119K | $368 | 1.10% | Not published | Form 5500 ↗ |
| 2023 | 488 | $6.5M | $108K | $316 | 1.12% | Not published | Form 5500 ↗ |
| 2022 | 305 | $5.2M | $77K | $410 | 1.13% | Not published | Form 5500 ↗ |
| 2021 | 214 | $6.6M | $414 | $3 | 0.55% | Not published | Form 5500 ↗ |
Common questions
Does Blakely Construction match 401(k) contributions?
The match terms for the Blakely Construction Co. , Inc. Profit Sharing 401k Plan have not been published from its filing yet. The plan year 2024 filing reports $119K in employer contributions, about $368 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Blakely Construction 401(k) match vested?
The vesting schedule for the Blakely Construction Co. , Inc. Profit Sharing 401k Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Blakely Construction 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Lincoln National Corporation. The plan administrator is Blakely Construction Co. , Inc..
I left Blakely Construction. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Blakely Construction Co. , Inc., (432) 381-3540) or the recordkeeper, Lincoln National Corporation. The Blakely Construction old 401(k) page lists the contacts from every plan filing. Find an old Blakely Construction 401(k)
Data from the public Form 5500 annual reports Blakely Construction filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Blakely Construction. Not financial advice. Report a correction · Methodology