Plan Ledger DOL Form 5500 · updated monthly

Buzick Construction, Inc.401(k)

BUZICK CONSTRUCTION, INC. 401(K) PLAN · BARDSTOWN, KY · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Buzick Construction, Inc. reported $101,702 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,057 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 0.72% to 0.63%. 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 333rd-largest of 871 plans among Kentucky employers on file, and the 2,262nd of 5,337 in construction. In 2024, employees put in $1.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,086,612
Participants with balances235
Active participants212
Employer contributions$860,179
Employee contributions$1,235,850
Employer contribution per active participant$4,057
Average account balance$72,709
Benefits paid to participants$2,003,890
Plan auditUnmodified (clean) audit opinion
AuditorHARDING SHYMANSKI & COMPANY, PSC
Plan history3
Yearassets · accounts · employer contribution
2024$17.1M · 235 accts · $860K emplr
2023$15.2M · 247 accts · $821K emplr
2022$12.5M · 244 accts · $717K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,965
Investment management$46,737
Total administrative$101,702
The Buzick Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$4,057
Median for plans this size$2,416
2024$4,057 per active participant
2023$3,767 per active participant
2022$3,132 per active participant

Buzick Construction, Inc.'s 2024 employer contribution ran above the $2,416 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,250
CERITY PARTNERS RETIREMENT · Investment advisory (participants)$37,515
ARGENT INSTITUTIONAL SERVICES · Investment advisory (participants)$9,223

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$101,702 · 0.63%
2023$89,803 · 0.65%
2022$93,775 · 0.72%
Same employer
Similar plansConstruction · Kentucky
Charah, LLC KY$21.2M · 0.53%
The Wells Group, LLC KY$19.6M · 0.12%
The Allen Company, Inc. KY$18.2M · 0.72%
Building Crafts, Inc. KY$17.9M · 0.57%
Kelley Construction, Inc KY$16.0M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611293740 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.