B.V. Hedrick Gravel and Sand Company401(k)
B.V. HEDRICK GRAVEL AND SAND COMPANY SALARY DEFERRAL AND PROFIT SHARING PLAN · SALISBURY, NC · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
B.V. Hedrick Gravel and Sand Company reported $63,680 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $13,103 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 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 878th-largest of 2,005 plans among North Carolina employers on file, and 361st of 612 in mining, oil & gas extraction. In 2024, the employer put in $2.25 for every $1.00 employees contributed themselves; active participation has grown from 123 to 136 since 2022.
B.V. Hedrick Gravel and Sand Company'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 560257665 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.