Plan Ledger DOL Form 5500 · updated monthly

Bluewater Constructors, Inc.ESOP

BLUEWATER CONSTRUCTORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.18%

Bluewater Constructors, Inc. reported $44,721 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. 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 0.15% to 0.18%. 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 1,546th-largest of 5,688 plans among Texas employers on file, and the 1,528th of 5,337 in construction. active participation has shrunk from 92 to 78 since 2022.

Plan summary
Net assets, end of year$30,010,109
Participants with balances164
Active participants78
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$182,988
Benefits paid to participants$1,264,425
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.0M · 164 accts
2023$20.6M · 185 accts
2022$27.6M · 217 accts
Administrative expenses, itemized · 2024
Investment management$19,677
Audit (IQPA)$25,000
Trustee / custodial$44
Total administrative$44,721
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
MELTON & MELTON, LLP · Accounting / audit$25,000
OUTLOOK FINANCIAL GROUP · Investment advisory (plan)$19,721

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$44,721 · 0.18%
2023$39,678 · 0.16%
2022$43,832 · 0.15%
Similar plansConstruction · Texas
Echo Maintenance, LLC TX$32.8M · 0.51%
Perc Engineering, LLC TX$30.4M · 0.26%
Tilson Built Company TX$29.8M · 0.09%
Ccc Group, Inc. TX$29.7M · 1.00%
T-N-T Crane & Rigging, Inc. TX$29.1M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741907870 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.