Skanska Usa Inc. 401(k) Plan: Login, Facts & Contact Information

Skanska Usa Inc. 401(k) Plan Facts

Plan name
SKANSKA RETIREMENT PLAN PLUS
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SKANSKA USA INC.
Participants
1,906 (1,067 active employees)
Former employees with a balance
757
Plan assets
$500,727,902 at Dec 31, 2023
Average account balance
$269,064 across 1,861 accounts
Employer contributions
$14,350,706 in plan year 2023 (49% of all contributions)
Recordkeeper
The Vanguard Group, Inc.
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Jan 1, 2006
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 10, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $29.3 million went into the plan in contributions, $14.4 million of it from the employer (49%).
  • $48.0 million was paid out to participants.
  • Investment and other income added $75.7 million.
  • Administrative expenses were $298,058, about $160 per account.

How the Skanska Usa Inc. 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20182,506$368.3 million$12.5 million$37.2 million
20192,393$435.7 million$12.6 million$37.8 million
20202,320$494.3 million$12.7 million$31.5 million
20212,279$537.0 million$12.7 million$34.3 million
20222,107$444.0 million$12.1 million$28.6 million
20231,906$500.7 million$14.4 million$48.0 million

Skanska Usa Inc. 401(k) Contact Information

Phone
718-746-2873
Mailing address
75-20 ASTORIA BOULEVARD, EAST ELMHURST NY 11370
Plan sponsor
SKANSKA USA INC.
Employer identification number (EIN)
46-0466061
Plan number
001

Questions about the Skanska Usa Inc. 401(k)

Does Skanska Usa Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $14.4 million, 49% of all contributions.

Does the Skanska Usa Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Skanska Usa Inc 401(k) plan?

1,906 participants at the start of plan year 2023, 1,067 of them active employees, and 757 former employees who still had money in the plan.

What is the average 401(k) balance at Skanska Usa Inc?

About $269,064 per account: $500.7 million in plan assets across 1,861 accounts with a balance at the end of plan year 2023.

Who manages the Skanska Usa Inc 401(k) accounts?

Vanguard (listed on the filing as THE VANGUARD GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Skanska Usa Inc. How do I access my 401(k)?

Your account stays with Vanguard after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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