Plan Ledger DOL Form 5500 · updated monthly

Adair Homes, Inc.401(k)

ADAIR HOMES, INC. 401(K) PROFIT SHARING PLAN · VANCOUVER, WA · plan year 2023

Reported admin expense ratio · 2023
0.64%

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

Adair Homes, Inc. reported $39,464 in plan administrative expenses for 2023: 0.64% of average plan assets, above the peer median. Employer contributions averaged $1,563 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 1 year on file its reported administrative ratio fell from 0.85% to 0.64%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Washington (1,242nd of 1,714), and 3,611th of 5,337 in construction. In 2023, employees put in $4.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,852,533
Participants with balances134
Active participants94
Employer contributions$146,886
Employee contributions$673,195
Employer contribution per active participant$1,563
Average account balance$51,138
Benefits paid to participants$916,632
Plan auditUnmodified (clean) audit opinion
AuditorALRICH CPAS + ADVISORS, LLP
Plan history2
Yearassets · accounts · employer contribution
2023$6.9M · 134 accts · $147K emplr
2022$5.4M · 187 accts · $164K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$23,370
Investment management$14,000
Trustee / custodial$2,094
Total administrative$39,464
The Adair Homes, Inc. 401(k) match · 2023
Employer contribution per active participant$1,563
Median for plans this size$1,308
2023$1,563 per active participant
2022$1,671 per active participant

Adair Homes, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
NWPS · Recordkeeping · Consulting$23,370
RETIREMENT CONSULTING GROUP, INC. · Investment advisory (participants) · Investment advisory (plan)$14,000

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

Administrative cost history2
2023$39,464 · 0.64%
2022$44,730 · 0.85%
Similar plansConstruction · Washington
Wolfe Plumbing, Inc. WA$8.0M · 0.02%
Sea-Tac Electric, Inc. WA$7.7M · 0.50%
Mmcs, LLC WA$7.3M · 0.58%
Mainvue Homes, LLC WA$5.6M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910868125 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.