Plan Ledger DOL Form 5500 · updated monthly

Abbott Construction LLC401(k)

ABBOTT CONSTRUCTION 401(K) PLAN AND TRUST · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.36%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Abbott Construction LLC reported $114,153 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $4,060 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 490th-largest of 1,714 plans among Washington employers on file, and the 1,427th of 5,337 in construction. In 2024, employees put in $2.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,220,659
Participants with balances279
Active participants247
Employer contributions$1,002,766
Employee contributions$2,138,591
Employer contribution per active participant$4,060
Average account balance$119,070
Benefits paid to participants$4,166,618
Plan auditUnmodified (clean) audit opinion
AuditorGRASSI & CO
Plan history3
Yearassets · accounts · employer contribution
2024$33.2M · 279 accts · $1.0M emplr
2023$30.5M · 290 accts · $965K emplr
2022$25.9M · 308 accts · $886K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,033
Investment management$47,120
Total administrative$114,153
The Abbott Construction LLC 401(k) match · 2024
Employer contribution per active participant$4,060
Median for plans this size$2,416
2024$4,060 per active participant
2023$3,907 per active participant
2022$3,355 per active participant

Abbott Construction LLC's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$67,033
ALLIANT INSURANCE SERVICES, INC. · Investment advisory (plan)$47,120

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$114,153 · 0.36%
2023$97,931 · 0.35%
2022$91,571 · 0.34%
Similar plansConstruction · Washington
Fisher Companies, Inc. WA$35.6M · 0.28%
Hermanson Company, LLP WA$34.4M · 0.15%
Dowbuilt, Inc. WA$33.8M · 0.29%
Exxel Pacific, Inc. WA$31.5M · 0.19%
Naes Corporation WA$31.4M · 0.10%
Northwest Cascade, Inc. WA$30.9M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911203959 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.