Plan Ledger DOL Form 5500 · updated monthly

Associated Scaffolding Company, Inc.401(k)

ASSOCIATED SCAFFOLDING COMPANY INC EMPLOYEES' 401K RETIREMENT PLAN · DURHAM, NC · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Associated Scaffolding Company, Inc. reported $25,041 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $939 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 3 years on file its reported administrative ratio has held roughly steady near 0.36%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in North Carolina (1,287th of 2,005), and 3,535th of 5,337 in construction. In 2024, employees put in $2.86 for every $1.00 the employer contributed; active participation has grown from 161 to 194 since 2022.

Plan summary
Net assets, end of year$7,255,209
Participants with balances226
Active participants194
Employer contributions$182,232
Employee contributions$520,822
Employer contribution per active participant$939
Average account balance$32,103
Benefits paid to participants$418,711
Plan auditUnmodified (clean) audit opinion
AuditorSMITH LEONARD
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 226 accts · $182K emplr
2023$6.6M · 210 accts · $169K emplr
2022$6.6M · 183 accts · $146K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,777
Investment management$5,264
Total administrative$25,041
The Associated Scaffolding Company, Inc. 401(k) match · 2024
Employer contribution per active participant$939
Median for plans this size$1,313
2024$939 per active participant
2023$952 per active participant
2022$906 per active participant

Associated Scaffolding Company, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
STANLEY BENEFIT SERVICES INC · Recordkeeping · Consulting$19,777
FUND DIRECT ADVISORS · Investment advisory (participants) · Investment advisory (plan)$5,264

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

Recordkeeper by year2
2024STANLEY BENEFIT SERVICES INC
2023STANLEY BENEFIT SERVICES INC

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

Administrative cost history3
2024$25,041 · 0.36%
2023$38,729 · 0.58%
2022$24,610 · 0.37%
Same employer
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Gsm Services, Inc. NC$6.5M · 7.92%
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Source: U.S. Department of Labor, Form 5500 series, EIN 560904790 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.