Plan Ledger DOL Form 5500 · updated monthly

Butcher Enterprises, Inc.401(k)

BUTCHER AIR CONDITIONING CO.INC. PROFIT SHARING 401(K) TRUST · BROUSSARD, LA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Butcher Enterprises, Inc. reported $23,658 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $1,150 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 0.12% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 349th-largest of 884 plans among Louisiana employers on file, and the 2,623rd of 5,337 in construction. In 2024, employees put in $4.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,652,759
Participants with balances146
Active participants135
Employer contributions$155,226
Employee contributions$727,223
Employer contribution per active participant$1,150
Average account balance$93,512
Benefits paid to participants$436,954
Plan auditUnmodified (clean) audit opinion
AuditorDARNALL, SIKES & FREDERICK
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 146 accts · $155K emplr
2023$11.6M · 140 accts · $158K emplr
2022$9.8M · 124 accts · $139K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,468
Investment management$190
Audit (IQPA)$22,000
Total administrative$23,658
The Butcher Enterprises, Inc. 401(k) match · 2024
Employer contribution per active participant$1,150
Median for plans this size$2,416
2024$1,150 per active participant
2023$1,181 per active participant
2022$1,120 per active participant

Butcher Enterprises, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
DARNALL, SIKES, GARDES & FREDERICK · Accounting / audit$22,000
EMPOWER ADVISORY GROUP, LLC · Investment management$190

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

Administrative cost history3
2024$23,658 · 0.19%
2023$1,171 · 0.01%
2022$12,625 · 0.12%
Similar plansConstruction · Louisiana
Gallo Mechanical, LLC LA$16.6M · 0.44%
Posigen, Pbc LA$14.5M · 1.40%
Whc, LLC LA$13.4M · 0.32%
The Mapp Group, LLC LA$12.8M · 0.36%
Posigen, Inc. LA$12.5M · 1.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721228571 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.