Plan Ledger DOL Form 5500 · updated monthly

Bancroft Construction Company, Inc.401(k)

BANCROFT CONSTRUCTION COMPANY, INC. CASH OR DEFERRED PROFIT SHARING PLAN · WILMINGTON, DE · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Bancroft Construction Company, Inc. reported $78,169 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,567 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 0.50%. 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 the 109th-largest of 242 plans among Delaware employers on file, and the 2,287th of 5,337 in construction. In 2024, employees put in $3.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,713,727
Participants with balances134
Active participants134
Employer contributions$343,948
Employee contributions$1,111,025
Employer contribution per active participant$2,567
Average account balance$124,729
Benefits paid to participants$1,649,288
Plan auditUnmodified (clean) audit opinion
AuditorHORTY & HORTY, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$16.7M · 134 accts · $344K emplr
2023$14.6M · 131 accts · $318K emplr
2022$11.5M · 123 accts · $304K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,410
Investment management$39,759
Audit (IQPA)$14,500
Trustee / custodial$500
Total administrative$78,169
The Bancroft Construction Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,567
Median for plans this size$2,416
2024$2,567 per active participant
2023$2,374 per active participant
2022$2,450 per active participant

Bancroft Construction Company, 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 · 20243
NWPS · Recordkeeping · Loan processing$23,410
JANNEY MONTGOMERY SCOTT, LLC · Investment advisory (participants) · Investment advisory (plan)$39,758
HORTY & HORTY, P.A. · Accounting / audit$14,500

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

Recordkeeper by year2
2024NWPS
2023NWPS

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

Administrative cost history3
2024$78,169 · 0.50%
2023$65,529 · 0.50%
2022$65,238 · 0.51%
Same employer
Similar plansConstruction · Delaware
Hatzel & Buehler, Inc. DE$41.0M · 0.14%
George & Lynch, Inc. DE$21.4M · 0.51%
Schell Brothers, LLC DE$15.4M · 0.45%
Apex Piping Systems, Inc. DE$15.3M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510246121 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.