Plan Ledger DOL Form 5500 · updated monthly

Baker Constructors, Inc.401(k)

BAKER CONSTRUCTORS, INC. RETIREMENT PLAN · POOLER, GA · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

Baker Constructors, Inc. reported $11,746 in plan administrative expenses for 2023: 0.15% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,398 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 0.08% to 0.25%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Georgia (1,323rd of 2,160), and 3,258th of 5,337 in construction. In 2023, employees put in $1.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,883,782
Participants with balances272
Active participants285
Employer contributions$683,305
Employee contributions$812,371
Employer contribution per active participant$2,398
Average account balance$32,661
Benefits paid to participants$408,105
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.5M · 65 accts · $168K emplr
2023$8.9M · 272 accts · $683K emplr
2022$6.5M · 234 accts · $511K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,746
Total administrative$11,746
The Baker Constructors, Inc. 401(k) match · 2023
Employer contribution per active participant$2,398
Median for plans this size$1,308
2023$2,398 per active participant
2022$1,942 per active participant

Baker Constructors, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FUTUREPLAN BY ASCENSUS · Contract administrator$2,356
CAPITAL GROUP RETIREMENT PLAN SERVI$1,013

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$14,377 · 0.25%
2023$11,746 · 0.15%
2022$5,405 · 0.08%
Same employer
Similar plansConstruction · Georgia
Mortensen Woodwork, Inc. GA$8.7M · 0.52%
Npsg Global, LLC GA$8.0M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812643964 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.