Plan Ledger DOL Form 5500 · updated monthly

Bill Whitters Construction, Inc.401(k)

BILL WHITTERS CONSTRUCTION, INC. 401(K) PLAN · SOLON, IA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Bill Whitters Construction, Inc. reported $11,478 in plan administrative expenses for 2024: 0.19% of average plan assets, lower than ~75% of peers. Employer contributions averaged $185 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 0.11% to 0.19%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Iowa (666th of 878), and 3,737th of 5,337 in construction. In 2024, employees put in $4.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,155,622
Participants with balances163
Active participants153
Employer contributions$28,243
Employee contributions$139,544
Employer contribution per active participant$185
Average account balance$37,765
Benefits paid to participants$53,476
Plan auditUnmodified (clean) audit opinion
AuditorMENKE & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 163 accts · $28K emplr
2023$6.1M · 163 accts · $117K emplr
2022$4.7M · 149 accts · $85K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,248
Investment management$4,230
Total administrative$11,478
The Bill Whitters Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$185
Median for plans this size$1,313
2024$185 per active participant
2023$724 per active participant
2022$518 per active participant

Bill Whitters Construction, Inc.'s 2024 employer contribution ran below the $1,313 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$7,248
LPL FINANCIAL CORPORATION RPCP · Investment advisory (plan)$4,230

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$11,478 · 0.19%
2023$48,223 · 0.90%
2022$4,460 · 0.11%
Same employer
Similar plansConstruction · Iowa
Temco, Inc. IA$9.1M · 0.36%
Murphy Tower Service, LLC IA$6.0M · 1.15%
Van Maanen Electric, Inc. IA$4.5M · 0.73%
Cdi, LLC IA$3.8M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421360644 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.