Plan Ledger DOL Form 5500 · updated monthly

Anderson Concrete Corporation401(k)

ANDERSON CONCRETE CORPORATION RETIREMENT SAVINGS PLAN AND TRUST · COLUMBUS, OH · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Anderson Concrete Corporation reported $32,974 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $13,141 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 0.11% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,000th-largest of 3,295 plans among Ohio employers on file, and the 4,570th of 13,661 in manufacturing. In 2024, the employer put in $1.91 for every $1.00 employees contributed themselves; active participation has grown from 155 to 193 since 2022.

Plan summary
Net assets, end of year$29,249,794
Participants with balances239
Active participants193
Employer contributions$2,536,216
Employee contributions$1,330,943
Employer contribution per active participant$13,141
Average account balance$122,384
Benefits paid to participants$2,672,056
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.2M · 239 accts · $2.5M emplr
2023$25.6M · 206 accts · $927K emplr
2022$22.7M · 187 accts · $926K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,974
Total administrative$32,974
The Anderson Concrete Corporation 401(k) match · 2024
Employer contribution per active participant$13,141
Median for plans this size$2,416
2024$13,141 per active participant
2023$5,328 per active participant
2022$5,975 per active participant

Anderson Concrete Corporation's 2024 employer contribution ran above the $2,416 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.

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$32,974

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$32,974 · 0.12%
2023$42,381 · 0.18%
2022$26,816 · 0.11%
Similar plansManufacturing · Ohio
Polychem LLC OH$29.7M · 0.37%
Kelly Dureiko OH$29.7M · 0.43%
Master Chemical Corporation OH$29.4M · 0.27%
Dan T. Moore Company OH$28.7M · 0.35%
Sandridge Food Corporation OH$28.7M · 0.02%
Yachiyo of America, Inc. OH$28.4M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 314356835 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.