Plan Ledger DOL Form 5500 · updated monthly

Barron Heating & Air Conditioning, Inc.401(k)

BARRON HEATING & AIR CONDITIONING, INC. 401(K)PROFIT SHARING PLAN · FERNDALE, WA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Barron Heating & Air Conditioning, Inc. reported $6,840 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,243 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 0.04% to 0.07%. 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 Washington (1,037th of 1,714), and 2,992nd of 5,337 in construction. In 2024, employees put in $4.71 for every $1.00 the employer contributed; active participation has shrunk from 194 to 170 since 2022.

Plan summary
Net assets, end of year$10,655,749
Participants with balances190
Active participants170
Employer contributions$211,346
Employee contributions$995,729
Employer contribution per active participant$1,243
Average account balance$56,083
Benefits paid to participants$1,685,368
Plan auditUnmodified (clean) audit opinion
AuditorSWEENEY CONRAD CPA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 190 accts · $211K emplr
2023$9.8M · 224 accts · $236K emplr
2022$7.2M · 208 accts · $210K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,840
Total administrative$6,840
The Barron Heating & Air Conditioning, Inc. 401(k) match · 2024
Employer contribution per active participant$1,243
Median for plans this size$2,416
2024$1,243 per active participant
2023$1,240 per active participant
2022$1,085 per active participant

Barron Heating & Air Conditioning, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20242
PENSION PLAN SPECIALISTS, PC · Contract administrator$6,150
CAPITAL GROUP RETIREMENT PLAN SERV.$1,750

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$6,840 · 0.07%
2023$3,120 · 0.04%
2022$3,267 · 0.04%
Same employer
Similar plansConstruction · Washington
Jas Design-Build Inc WA$12.1M · 0.09%
Faber Construction, Inc. WA$11.6M · 0.74%
Psf Mechanical, Inc. WA$10.5M · 0.10%
Mastercraft Electric, Inc. WA$10.1M · 0.59%
McClure & Sons, Inc. WA$10.0M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910894883 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.