Plan Ledger DOL Form 5500 · updated monthly

Bayley Construction401(k)

BAYLEY CONSTRUCTION PROFIT SHARING AND 401(K) PLAN · MERCER ISLAND, WA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Bayley Construction reported $81,231 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $10 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 0.28% to 0.31%. 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 561st-largest of 1,714 plans among Washington employers on file, and the 1,613th of 5,337 in construction. In 2024, employees put in $1392.91 for every $1.00 the employer contributed; active participation has shrunk from 114 to 92 since 2022.

Plan summary
Net assets, end of year$27,910,564
Participants with balances133
Active participants92
Employer contributions$880
Employee contributions$1,225,758
Employer contribution per active participant$10
Average account balance$209,854
Benefits paid to participants$1,788,394
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.9M · 133 accts · $880 emplr
2023$25.2M · 153 accts · $522K emplr
2022$23.4M · 154 accts · $337K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,231
Total administrative$81,231
The Bayley Construction 401(k) match · 2024
Employer contribution per active participant$10
Median for plans this size$2,416
2024$10 per active participant
2023$4,702 per active participant
2022$2,958 per active participant

Bayley Construction'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$81,231

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$81,231 · 0.31%
2023$69,199 · 0.28%
2022$72,382 · 0.28%
Similar plansConstruction · Washington
Exxel Pacific, Inc. WA$31.5M · 0.19%
Naes Corporation WA$31.4M · 0.10%
Northwest Cascade, Inc. WA$30.9M · 0.28%
Rotschy, Inc. WA$25.1M · 0.68%
Quigg Bros., Inc. WA$25.1M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911764930 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.