Performance Contractors 401(k) match, vesting and fees
What Performance Contractors' 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 | Alerus Financial, N.A. | Schedule C ↗ |
| Independent auditor | Maddox & Associates Apc (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 570 defined-contribution plans in construction with 1,000 to 4,999 participants.
| Performance Contractors: employer contribution per participant | $513 | |
| Peer median | $2,900 |
| Performance Contractors: average balance | $36,418 | |
| Peer median | $67,876 |
| Performance Contractors: admin expenses ÷ assets | 0.27% | |
| Peer median | 0.26% |
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 $110M at the end of plan year 2023 to $128M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 5,612 | $128M | $1.8M | $513 | 0.27% | Not published | Form 5500 ↗ |
| 2023 | 5,550 | $110M | $1.6M | $468 | 0.25% | Not published | Form 5500 ↗ |
Other Performance Contractors plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Performance Contractors Prevailing Wage Plan
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.
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Common questions
Does Performance Contractors match 401(k) contributions?
The match terms for the Performance Contractors, Inc. 401(k) Salary Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $1.8M in employer contributions, about $513 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Performance Contractors 401(k) match vested?
The vesting schedule for the Performance Contractors, Inc. 401(k) Salary Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Performance Contractors 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Alerus Financial, N.A.. The plan administrator is Performance Contractors, Inc..
I left Performance Contractors. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Performance Contractors, Inc., (225) 215-8351) or the recordkeeper, Alerus Financial, N.A.. The Performance Contractors old 401(k) page lists the contacts from every plan filing. Find an old Performance Contractors 401(k)
Data from the public Form 5500 annual reports Performance Contractors 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 Performance Contractors. Not financial advice. Report a correction · Methodology