401(k) · DOL Form 5500 · 2023

Granite Construction Incorporated 401(k) Plan

Data updated 2026-08-11

$737M
Total assets
3,150
Participants
98th
Percentile by assets
$233,995
Avg per participant
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Official DOL plan name: Granite Construction Profit Sharing and 401(k) Plan · Sponsored by Granite Construction Incorporated · California · Construction

$737M in assets, 3,150 participants

Granite Construction Incorporated's Granite Construction Profit Sharing and 401(k) Plan reported $737M in total assets and 3,150 participants in its 2023 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 98th percentile by assets (of 127,072 plans)
  • #8,869 in Construction (9,030 peers)

Coverage in California

Granite Construction Profit Sharing and 401(k) Plan covers 3,150 participants in California, 5.0x the typical California plan (state average ~630 per filing). Assets: $737M.

$737M
total plan assets (2023 EOY)
3,150
covered participants
98th
percentile by assets (of 127,072 plans)
$233,995
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Granite Construction Profit Sharing and 401(k) Plan reported net income rose from -$113M in the plan year 2022 filing to $92M in the plan year 2023 filing.
  • Granite Construction Profit Sharing and 401(k) Plan end-of-year assets rose from $631M in the plan year 2022 filing to $737M in the plan year 2023 filing.
  • Granite Construction Profit Sharing and 401(k) Plan reported participants fell from 3,408 in the plan year 2022 filing to 3,150 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
California
Industry
Construction

Participants vs California filers

In California, the average filing covers about 630 participants across 15,291 plans. Granite Construction Profit Sharing and 401(k) Plan reports 3,150 participants - 5.0x that state average ($737M EOY assets).

California filing particulars

Total Assets (Beginning of Year)$631M
Net Assets (End of Year)$502M
Net Income$92M
Employer EIN770239383
Plan Effective Date1957-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Granite Construction Incorporated)

$600M$700M$800M$900M 202220232024 $631M $819M ▲ +29.8%
Total plan assets by year, all Granite Construction Incorporated plans on file
Year Plans Participants Total Assets
2022 1 3,408 $631M
2023 1 3,150 $737M
2024 1 3,307 $819M

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Granite Construction Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants

Granite Construction Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Granite Construction…Wells Fargo & Compan…Google LLC 401(k) Sa…Oracle Corporation 4…Intel 401(k) Savings…Apple 401(k) Plan
Granite Construction Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Granite Construction Profit Sharing and … side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Granite Construction Profit Sharing and 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Granite Construction Profit Sharing and 401(k) Plan assets move in 2023? ▼
Granite Construction Profit Sharing and 401(k) Plan grew sharply - up 16.8% during 2023, from $631M to $737M. Reported net income was $92M.
How have Granite Construction Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Granite Construction Incorporated's sponsor-wide assets grew 29.8%, from $631M to $819M.
Where does Granite Construction Profit Sharing and 401(k) Plan rank by assets among Form 5500 filers? ▼
Granite Construction Profit Sharing and 401(k) Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Granite Construction Profit Sharing and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Huntsman Salary Deferral Plan in TX ($738M, 1,776 participants).

Next read for Granite Construction Profit Sharing and …

Filing takeaways

Ways to act on Granite Construction Profit Sharing and 401(k) Plan's numbers.

  • By total assets, Granite Construction Profit Sharing and 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in California. Compare plans
  • Granite Construction Incorporated's sponsor-wide assets have grown 29.8% since 2022 across 3 plan years on file. More Construction plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 770239383.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.