Plan Ledger DOL Form 5500 · updated monthly

Buildon, Inc.403(b)

BUILDON, INC. RETIREMENT SAVINGS PLAN · STAMFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Buildon, Inc. reported $4,504 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $855 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 0.02% to 0.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Connecticut (869th of 1,106), and 2,133rd of 3,341 in other services. In 2024, employees put in $6.32 for every $1.00 the employer contributed; active participation has grown from 71 to 90 since 2022.

Plan summary
Net assets, end of year$6,132,328
Participants with balances176
Active participants90
Employer contributions$76,922
Employee contributions$486,056
Employer contribution per active participant$855
Average account balance$34,843
Benefits paid to participants$541,678
Plan auditUnmodified (clean) audit opinion
AuditorGELMAN, ROSENBERG, AND FREEDMAN
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 176 accts · $77K emplr
2023$5.2M · 180 accts · $63K emplr
2022$4.6M · 147 accts · $45K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,504
Total administrative$4,504
Employer contributions to the Buildon, Inc. plan · 2024
Employer contribution per active participant$855
Median for plans this size$1,313
2024$855 per active participant
2023$730 per active participant
2022$628 per active participant

Buildon, Inc.'s 2024 employer contribution ran below 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 · 20241
ASCENSUS LLC · Loan processing · Recordkeeping$4,504

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$4,504 · 0.08%
2023$1,953 · 0.04%
2022$1,135 · 0.02%
Similar plansOther Services · Connecticut
Reliance Health, Inc. CT$7.4M · 1.08%
Sarah, Inc. CT$6.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223128648 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.