Plan Ledger DOL Form 5500 · updated monthly

Broward Builders, Inc.401(k)

THE CONTRACTORS RETIREMENT PLAN · WOODLAND, CA · plan year 2024

Employer contribution per participant · 2024
$2,271

Broward Builders, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $8,056,147 across 152 participant accounts, with employer contributions averaging $2,271 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 California (5,991st of 9,483), and 3,381st of 5,337 in construction. In 2024, the employer put in $1.06 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$8,056,147
Participants with balances152
Active participants108
Employer contributions$245,216
Employee contributions$230,751
Employer contribution per active participant$2,271
Average account balance$53,001
Benefits paid to participants$22,668
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 152 accts · $245K emplr
2023$7.4M · 156 accts · $211K emplr
2022$6.3M · 156 accts · $314K emplr
The Broward Builders, Inc. 401(k) match · 2024
Employer contribution per active participant$2,271
Median for plans this size$1,313
2024$2,271 per active participant
2023$1,882 per active participant
2022$2,885 per active participant

Broward Builders, Inc.'s 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansConstruction · California
Bill Howe Plumbing, Inc. CA$8.6M · 0.19%
Schilling Paradise Corp. CA$8.2M · 1.39%
Provenza Floors, Inc. CA$8.0M · 0.19%
Direct Line Global LLC CA$7.8M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680224799 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.