Advance Resources, LLC401(k)
THE CONTRACTORS RETIREMENT PLAN · OAKDALE, CT · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Advance Resources, LLC reported $14,000 in plan administrative expenses for 2023: 0.83% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,497 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 0.91% to 0.83%. 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 Connecticut (1,040th of 1,106), and 4,861st of 5,337 in construction. In 2023, the employer put in $4.37 for every $1.00 employees contributed themselves.
Advance Resources, LLC's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 271894116 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.