Plan Ledger DOL Form 5500 · updated monthly

C.O. Falter Construction Corp.401(k)

C.O. FALTER CONSTRUCTION CORP. 401(K) PROFIT SHARING PLAN · SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

C.O. Falter Construction Corp. reported $87,256 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $22,387 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 0.27% to 0.23%. 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 1,577th-largest of 5,648 plans among New York employers on file, and the 1,224th of 5,337 in construction. In 2024, the employer put in $6.58 for every $1.00 employees contributed themselves; active participation has grown from 65 to 75 since 2022.

Plan summary
Net assets, end of year$40,630,072
Participants with balances101
Active participants75
Employer contributions$1,679,047
Employee contributions$255,250
Employer contribution per active participant$22,387
Average account balance$402,278
Benefits paid to participants$1,343,097
Plan auditUnmodified (clean) audit opinion
AuditorFIRLEY, MORAN, FREER & EASSA,CPA PC
Plan history3
Yearassets · accounts · employer contribution
2024$40.6M · 101 accts · $1.7M emplr
2023$34.7M · 96 accts · $1.6M emplr
2022$28.9M · 92 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,763
Investment management$72,493
Total administrative$87,256
The C.O. Falter Construction Corp. 401(k) match · 2024
Employer contribution per active participant$22,387
Median for plans this size$2,416
2024$22,387 per active participant
2023$24,004 per active participant
2022$23,320 per active participant

C.O. Falter Construction Corp.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20242
BENEFIT PLAN ADMIN SERVICES, INC. · Recordkeeping · Custodial (securities)$14,763
THE JAMES P. REAGAN AGENCY INC. · Investment advisory (plan) · Investment management$72,493

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

Recordkeeper by year2
2024BENEFIT PLAN ADMIN SERVICES, INC.
2023BENEFIT PLAN ADMIN SERVICES, INC.

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Administrative cost history3
2024$87,256 · 0.23%
2023$94,201 · 0.30%
2022$87,532 · 0.27%
Similar plansConstruction · New York
Halmar International, LLC NY$44.2M · 0.42%
Carver Companies NY$41.3M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160968314 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.