Plan Ledger DOL Form 5500 · updated monthly

Barletta Engineering Corporation401(k)

BARLETTA ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN · CANTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Barletta Engineering Corporation reported $57,229 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $10,821 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 0.16% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 572nd-largest of 2,726 plans among Massachusetts employers on file, and the 863rd of 5,337 in construction. In 2024, employees put in $1.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$65,823,907
Participants with balances170
Active participants124
Employer contributions$1,341,818
Employee contributions$1,652,526
Employer contribution per active participant$10,821
Average account balance$387,199
Benefits paid to participants$1,121,538
Plan auditUnmodified (clean) audit opinion
AuditorDARMODY, MERLINO & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$65.8M · 170 accts · $1.3M emplr
2023$56.4M · 168 accts · $1.4M emplr
2022$46.4M · 162 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,229
Total administrative$57,229
The Barletta Engineering Corporation 401(k) match · 2024
Employer contribution per active participant$10,821
Median for plans this size$3,635
2024$10,821 per active participant
2023$9,747 per active participant
2022$10,348 per active participant

Barletta Engineering Corporation's 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$32,029
DARMODY MERLINO AND CO LLP$22,000
WILLIAM BLAIR & COMPANYindirect comp
VOYA RETIREMENT INS & ANNUITY CO. · Investment advisory (participants) · Investment advisory (plan)indirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp

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$57,229 · 0.09%
2023$52,254 · 0.10%
2022$66,383 · 0.16%
Same employer
Similar plansConstruction · Massachusetts
Bond Brothers, Inc. MA$95.4M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043034210 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.