Plan Ledger DOL Form 5500 · updated monthly

Associated Builders and Contractors, Inc.401(k)

ASSOCIATED BUILDERS AND CONTRACTORS, INC. RETIREMENT & SAVINGS PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Associated Builders and Contractors, Inc. reported $396,306 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,054 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 fell from 0.55% to 0.51%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 107th-largest of 618 plans among District of Columbia employers on file, and the 234th of 3,341 in other services. In 2024, employees put in $1.81 for every $1.00 the employer contributed; active participation has grown from 656 to 1,367 since 2022.

Plan summary
Net assets, end of year$83,554,055
Participants with balances1,163
Active participants1,367
Employer contributions$2,807,732
Employee contributions$5,088,979
Employer contribution per active participant$2,054
Average account balance$71,844
Benefits paid to participants$5,343,358
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$83.6M · 1,163 accts · $2.8M emplr
2023$71.0M · 1,004 accts · $2.6M emplr
2022$61.1M · 687 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$317,020
Investment management$64,703
Trustee / custodial$14,583
Total administrative$396,306
The Associated Builders and Contractors, Inc. 401(k) match · 2024
Employer contribution per active participant$2,054
Median for plans this size$3,635
2024$2,054 per active participant
2023$2,255 per active participant
2022$3,123 per active participant

Associated Builders and Contractors, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20245
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$201,999
FIDUCIARY CONSULTING GROUP, INC · Claims processing · Plan administrator$115,022
FREEGULLIVER, LLC. · Investment advisory (participants)$43,447
NORTHWESTERN MUTUAL WEALTH MANAGEME · Investment advisory (participants) · Investment advisory (plan)$18,530
CHARLES SCHWAB BANK · Custodial (securities) · Loan processing$14,583

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$396,306 · 0.51%
2023$358,348 · 0.54%
2022$315,061 · 0.55%
Similar plansOther Services · District of Columbia
Radio Free Asia DC$105.7M · 0.04%
Edison Electric Institute DC$102.5M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520579380 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.