DPR Construction 401(k) match, vesting and fees
What DPR Construction's 401(k) plan says about matching contributions
The Company makes matching contributions of 50% of each participant’s elective deferral, which may not exceed 6% of the participant’s compensation. Employer matching contributions amounted to approximately $25,000,000 for the year ended December 31, 2024.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 33 ↗ |
| Match vesting | Participants are immediately vested in their 401(k) contributions and the Company’s 401(k) matching contributions. Participants vest 25% in the Company’s discretionary profit sharing contribution after two years of credited service and an additional 25% for each year of service thereafter. Participants are fully vested after five years of service. Participants with service greater than five years are automatically vested in the profit sharing. | Audit report, p. 33 ↗ |
| Automatic enrollment | Participants are automatically enrolled in the Plan at 4% of eligible compensation, increased each year by 1% up to 10%, unless the participant opts out. | Audit report, p. 32 ↗ |
| Roth contributions | After-tax Roth deferrals are also permitted. | Audit report, p. 32 ↗ |
| Loans | The Plan allows participants to borrow not less than $1,000 and up to the lesser of $50,000 or 50% of their vested account balance and may have two outstanding loans at a time. Participant notes receivable are secured by the participant’s vested balance. Such participant notes receivable bear interest at the available market financing rate and must be repaid to the Plan within a five-year period, unless the loan is used for the purchase of a principal residence, in which case the maximum repayment period may be longer than five years. | Audit report, p. 33 ↗ |
| Recordkeeper | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Bpm LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 63 defined-contribution plans in construction with 10,000 to 49,999 participants.
| DPR Construction: employer contribution per participant | $3,802 | |
| Peer median | $3,136 |
| DPR Construction: average balance | $92,355 | |
| Peer median | $54,024 |
| DPR Construction: admin expenses ÷ assets | 0.12% | |
| Peer median | 0.20% |
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 $888M at the end of plan year 2023 to $1.1B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 11,689 | $1.1B | $43.3M | $3,802 | 0.12% | Quoted in the audit report, p. 33 ↗ | Form 5500 ↗ |
| 2023 | 10,709 | $888M | $37.6M | $3,617 | 0.12% | Not published | Form 5500 ↗ |
Common questions
Does DPR Construction match 401(k) contributions?
The audit report attached to the Dpr Construction Retirement Savings Plan's plan year 2024 Form 5500, page 33 says: “The Company makes matching contributions of 50% of each participant’s elective deferral, which may not exceed 6% of the participant’s compensation. Employer matching contributions amounted to approximately $25,000,000 for the year ended December 31, 2024.” Plan terms may have changed; check your current Summary Plan Description.
When is the DPR Construction 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 33 says: “Participants are immediately vested in their 401(k) contributions and the Company’s 401(k) matching contributions. Participants vest 25% in the Company’s discretionary profit sharing contribution after two years of credited service and an additional 25% for each year of service thereafter. Participants are fully vested after five years of service. Participants with service greater than five years are automatically vested in the profit sharing.”
Who manages the DPR Construction 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is The Vanguard Group, Inc.. The plan administrator is Dpr Construction.
I left DPR Construction. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Dpr Construction, (650) 474-1450) or the recordkeeper, The Vanguard Group, Inc.. The DPR Construction old 401(k) page lists the contacts from every plan filing. Find an old DPR Construction 401(k)
Data from the public Form 5500 annual reports DPR Construction filed with the U.S. Department of Labor (plan years 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 DPR Construction. Not financial advice. Report a correction · Methodology