Plan Ledger DOL Form 5500 · updated monthly

Buckner Heavylift Cranes, LLC401(k)

BUCKNER HEAVYLIFT CRANES, LLC 401(K) PLAN · GRAHAM, NC · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Buckner Heavylift Cranes, LLC reported $21,567 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,462 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 0.19% to 0.23%. 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 (1,127th of 2,005), and 3,126th of 5,337 in construction. In 2024, employees put in $2.97 for every $1.00 the employer contributed; active participation has shrunk from 203 to 169 since 2022.

Plan summary
Net assets, end of year$9,743,558
Participants with balances152
Active participants169
Employer contributions$247,120
Employee contributions$733,760
Employer contribution per active participant$1,462
Average account balance$64,102
Benefits paid to participants$1,323,551
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 152 accts · $247K emplr
2023$9.3M · 159 accts · $263K emplr
2022$8.7M · 136 accts · $189K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,337
Investment management$3,230
Total administrative$21,567
The Buckner Heavylift Cranes, LLC 401(k) match · 2024
Employer contribution per active participant$1,462
Median for plans this size$1,313
2024$1,462 per active participant
2023$1,336 per active participant
2022$930 per active participant

Buckner Heavylift Cranes, LLC'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.

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 · 20243
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Custodial (securities)$17,357
FIFTH THIRD BANK · Investment advisory (plan)$9,813
GILLIAM BELL MOSER LLP · Accounting / audit$980

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$21,567 · 0.23%
2023$19,409 · 0.22%
2022$16,699 · 0.19%
Same employer
Similar plansConstruction · North Carolina
Micron Precision, LLC NC$10.5M · 0.16%
Smith-Rowe LLC NC$9.4M · 0.56%
Guy M. Turner, Inc. NC$8.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201840290 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.