Sciens Building Solutions 401(k) match, vesting and fees
What Sciens Building Solutions' 401(k) plan says about matching contributions
The Company at its discretion may make matching contributions, as well as a discretionary profit sharing contribution. For the Plan year 2024, the Company matched 50% of the first 4% of eligible compensation that each participant contributed to the Plan.
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. 28 ↗ |
| Loans | Participants may borrow from their accounts at a minimum of $1,000 and not to exceed the lesser of 50% of the participant’s vested interest under the Plan or $50,000. The loans are collateralized by the vested balance in the participant’s account and must be repaid in level payments through bi-weekly payroll deductions over a 5-year period, except for loans for the purchase of a principal residence which may be repaid over a reasonable period of time not to exceed 10 years. Loans bear interest at the prime rate plus 1%. | Audit report, p. 29 ↗ |
| Recordkeeper | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Pivot Cpas (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 570 defined-contribution plans in construction with 1,000 to 4,999 participants.
| Sciens Building Solutions: employer contribution per participant | $1,110 | |
| Peer median | $2,900 |
| Sciens Building Solutions: average balance | $57,252 | |
| Peer median | $67,876 |
| Sciens Building Solutions: admin expenses ÷ assets | 0.29% | |
| 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 $26.8M at the end of plan year 2021 to $73.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,233 | $73.3M | $1.4M | $1,110 | 0.29% | Quoted in the audit report, p. 28 ↗ | Form 5500 ↗ |
| 2023 | 1,574 | $56.1M | $1.1M | $1,137 | 0.36% | Not published | Form 5500 ↗ |
| 2022 | 1,034 | $30.5M | $747K | $1,199 | 0.36% | Not published | Form 5500 ↗ |
| 2021 | 988 | $26.8M | $610K | $1,188 | 0.53% | Not published | Form 5500 ↗ |
Common questions
Does Sciens Building Solutions match 401(k) contributions?
The audit report attached to the Sciens Building Solutions 401(k) Plan's plan year 2024 Form 5500, page 28 says: “The Company at its discretion may make matching contributions, as well as a discretionary profit sharing contribution. For the Plan year 2024, the Company matched 50% of the first 4% of eligible compensation that each participant contributed to the Plan.” Plan terms may have changed; check your current Summary Plan Description.
When is the Sciens Building Solutions 401(k) match vested?
The vesting schedule for the Sciens Building Solutions 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Sciens Building Solutions 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is The Vanguard Group, Inc.. The plan administrator is Sciens Building Solutions, LLC.
I left Sciens Building Solutions. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Sciens Building Solutions, LLC, (925) 734-5750) or the recordkeeper, The Vanguard Group, Inc.. The Sciens Building Solutions old 401(k) page lists the contacts from every plan filing. Find an old Sciens Building Solutions 401(k)
Data from the public Form 5500 annual reports Sciens Building Solutions 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 Sciens Building Solutions. Not financial advice. Report a correction · Methodology