Plan Ledger DOL Form 5500 · updated monthly

Baker Companies Inc.401(k)

BAKER COMPANIES 401(K) PLAN · NEW CANAAN, CT · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Baker Companies Inc. reported $2,930 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,037 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 0.024% to 0.022%. 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 among the smaller plans on file in Connecticut (654th of 1,106), and the 2,553rd of 5,337 in construction. In 2024, employees put in $4.50 for every $1.00 the employer contributed; active participation has shrunk from 31 to 25 since 2022.

Plan summary
Net assets, end of year$14,229,186
Participants with balances74
Active participants25
Employer contributions$75,937
Employee contributions$342,068
Employer contribution per active participant$3,037
Average account balance$192,286
Benefits paid to participants$1,302,550
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 74 accts · $76K emplr
2023$13.0M · 83 accts · $74K emplr
2022$11.3M · 90 accts · $75K emplr
The Baker Companies Inc. 401(k) match · 2024
Employer contribution per active participant$3,037
Median for plans this size$2,416
2024$3,037 per active participant
2023$2,654 per active participant
2022$2,414 per active participant

Baker Companies Inc.'s 2024 employer contribution ran above 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
THE VANGUARD GROUP, INC. · Recordkeeping · Trustee (directed)$3,005

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$2,930 · 0.02%
2023$3,095 · 0.03%
2022$3,100 · 0.02%
Similar plansConstruction · Connecticut
Gds Contracting Corp. CT$11.9M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132551454 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.