Granite Construction 401(k) match, vesting and fees
What Granite 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 | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | Weaver and Tidwell, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 84 defined-contribution plans in construction with 5,000 to 9,999 participants.
| Granite Construction: employer contribution per participant | $3,532 | |
| Peer median | $2,724 |
| Granite Construction: average balance | $144,585 | |
| Peer median | $57,731 |
| Granite Construction: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.23% |
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 $502M at the end of plan year 2023 to $819M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 5,784 | $819M | $20M | $3,532 | 0.03% | Not published | Form 5500 ↗ |
| 2023 | 5,724 | $502M | $18.6M | $3,313 | 0.05% | Not published | Form 5500 ↗ |
Common questions
Does Granite Construction match 401(k) contributions?
The match terms for the Granite Construction Profit Sharing and 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $20M in employer contributions, about $3,532 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Granite Construction 401(k) match vested?
The vesting schedule for the Granite Construction Profit Sharing and 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Granite Construction 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is T Rowe Price Rps Inc. The plan administrator is Granite Construction Incorporated.
I left Granite Construction. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Granite Construction Incorporated, (408) 310-9732) or the recordkeeper, T Rowe Price Rps Inc. The Granite Construction old 401(k) page lists the contacts from every plan filing. Find an old Granite Construction 401(k)
Data from the public Form 5500 annual reports Granite 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 Granite Construction. Not financial advice. Report a correction · Methodology