Spencer Construction 401(k) match, vesting and fees
What Spencer 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 | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Pension Assurance LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 3,874 defined-contribution plans in construction with 100 to 499 participants.
| Spencer Construction: employer contribution per participant | $5,972 | |
| Peer median | $2,411 |
| Spencer Construction: average balance | $17,292 | |
| Peer median | $61,921 |
| Spencer Construction: admin expenses ÷ assets | 1.78% | |
| 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 $781K at the end of plan year 2021 to $3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 288 | $3M | $1.1M | $5,972 | 1.78% | Not published | Form 5500 ↗ |
| 2023 | 502 | $3.7M | $2.7M | $8,798 | 1.10% | Not published | 5500-SF ↗ |
| 2022 | 274 | $880K | $146K | $2,567 | 2.71% | Not published | Form 5500 ↗ |
| 2021 | 93 | $781K | $156K | $3,806 | 1.06% | Not published | Form 5500 ↗ |
Other Spencer Construction plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
The Contractors Retirement 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.
| Independent auditor | Erickson Demel & Associates, PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
Common questions
Does Spencer Construction match 401(k) contributions?
The match terms for the Spencer Construction 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $1.1M in employer contributions, about $5,972 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Spencer Construction 401(k) match vested?
The vesting schedule for the Spencer Construction 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Spencer Construction 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Spencer Construction, LLC.
I left Spencer Construction. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Spencer Construction, LLC, (520) 219-0498) or the recordkeeper, Empower Annuity Insurance Company. The Spencer Construction old 401(k) page lists the contacts from every plan filing. Find an old Spencer Construction 401(k)
Data from the public Form 5500 annual reports Spencer 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 Spencer Construction. Not financial advice. Report a correction · Methodology