Plan Ledger DOL Form 5500 · updated monthly

Ajax Building Company, LLC401(k)

AJAX BUILDING COMPANY 401(K) PLAN · MIDWAY, FL · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Ajax Building Company, LLC reported $60,859 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $1,764 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 2 years on file its reported administrative ratio rose from 0.31% to 0.33%. 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 1,110th-largest of 3,644 plans among Florida employers on file, and the 2,011th of 5,337 in construction. In 2024, employees put in $3.40 for every $1.00 the employer contributed; active participation has grown from 201 to 260 since 2022.

Plan summary
Net assets, end of year$20,083,946
Participants with balances286
Active participants260
Employer contributions$458,557
Employee contributions$1,561,174
Employer contribution per active participant$1,764
Average account balance$70,224
Benefits paid to participants$1,329,789
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.1M · 286 accts · $459K emplr
2023$16.4M · 193 accts · $400K emplr
2022$14.8M · 229 accts · $361K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,859
Total administrative$60,859
The Ajax Building Company, LLC 401(k) match · 2024
Employer contribution per active participant$1,764
Median for plans this size$2,416
2024$1,764 per active participant
2023$1,834 per active participant
2022$1,795 per active participant

Ajax Building Company, LLC's 2024 employer contribution ran below 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 · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$60,409

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$60,859 · 0.33%
2023$51,127 · 0.33%
2022$50,169 · 0.31%
Similar plansConstruction · Florida
Crom Corporation FL$21.2M · 0.48%
Homes by West Bay, LLC FL$19.2M · 0.47%
Advanced Roofing, Inc. FL$18.6M · 0.05%
Southern Hvac Corporation FL$18.2M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590969709 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.