Plan Ledger DOL Form 5500 · updated monthly

Bryant-Durham Electric Company, Inc.401(k)

BRYANT-DURHAM ELECTRIC COMPANY, INC. 401(K) PLAN · DURHAM, NC · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Bryant-Durham Electric Company, Inc. reported $31,549 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $509 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 0.59% to 0.33%. 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 North Carolina (1,136th of 2,005), and 3,148th of 5,337 in construction. In 2024, employees put in $7.63 for every $1.00 the employer contributed; active participation has shrunk from 124 to 111 since 2022.

Plan summary
Net assets, end of year$9,595,260
Participants with balances113
Active participants111
Employer contributions$56,518
Employee contributions$431,397
Employer contribution per active participant$509
Average account balance$84,914
Benefits paid to participants$1,275,112
Plan auditUnmodified (clean) audit opinion
AuditorCARR, RIGGS, & INGRAM, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 113 accts · $57K emplr
2023$9.4M · 108 accts · $50K emplr
2022$7.6M · 110 accts · $45K emplr
The Bryant-Durham Electric Company, Inc. 401(k) match · 2024
Employer contribution per active participant$509
Median for plans this size$1,313
2024$509 per active participant
2023$454 per active participant
2022$362 per active participant

Bryant-Durham Electric Company, 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 · 20245
NATIONWIDE · Other services · Recordkeeping$16,621
QUALIFIED PLAN ADMINISTRATORS, INC · Recordkeeping$5,601
NATIONWIDE · Other services · Recordkeeping$55
QUALIFIED PLAN ADMINISTRATORS, INC · Recordkeepingindirect comp
RBC CAPITAL MARKETS LLC$33,432

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

Recordkeeper by year2
2024Nationwide, QUALIFIED PLAN ADMINISTRATORS, INC
2023Nationwide, QUALIFIED PLAN ADMINISTRATORS, INC

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Administrative cost history3
2024$31,549 · 0.33%
2023$25,360 · 0.30%
2022$41,835 · 0.59%
Same employer
Similar plansConstruction · North Carolina
Smith-Rowe LLC NC$9.4M · 0.56%
Guy M. Turner, Inc. NC$8.7M · 0.04%
Infrastripe, LLC NC$8.5M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560754195 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.