Plan Ledger DOL Form 5500 · updated monthly

Bridgeman Construction, Inc.401(k)

BRIDGEMAN CIVIL, INC. 401(K) PROFIT SHARING PLAN · SUFFOLK, VA · plan year 2022

Reported admin expense ratio · 2022
0.55%

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

Bridgeman Construction, Inc. reported $41,619 in plan administrative expenses for 2022: 0.55% of average plan assets, above the peer median. Employer contributions averaged $1,635 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 0.61% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Virginia (1,581st of 2,266), and 3,353rd of 5,337 in construction. In 2022, employees put in $2.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,222,066
Participants with balances89
Active participants185
Employer contributions$302,449
Employee contributions$618,798
Employer contribution per active participant$1,635
Average account balance$92,383
Benefits paid to participants$471,892
Plan auditUnmodified (clean) audit opinion
AuditorCOLBY & COMPANY, PLC CHESAPEAKE, VA
Plan history2
Yearassets · accounts · employer contribution
2022$8.2M · 89 accts · $302K emplr
2020$7.2M · 95 accts · $247K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$41,619
Total administrative$41,619
The Bridgeman Construction, Inc. 401(k) match · 2022
Employer contribution per active participant$1,635
Median for plans this size$1,114
2022$1,635 per active participant
2020$1,205 per active participant

Bridgeman Construction, Inc.'s 2022 employer contribution ran above the $1,114 median for plans its size. 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2022$41,619 · 0.55%
2020$38,894 · 0.61%
Same employer
Similar plansConstruction · Virginia
M&E Contractors, Inc. VA$9.7M · 0.03%
Compu Dynamics, LLC VA$9.2M · 0.60%
Am-Liner East, Inc. VA$7.9M · 0.80%
B&S Site Development, LLC VA$7.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541276654 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.