Plan Ledger DOL Form 5500 · updated monthly

Capitol Boiler Works, Inc.401(k)

CAPITOL BOILER WORKS, INC. 401(K) PROFIT SHARING PLAN · SPRINGFIELD, VA · plan year 2023

Reported admin expense ratio · 2023
0.46%

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

Capitol Boiler Works, Inc. reported $42,503 in plan administrative expenses for 2023: 0.46% of average plan assets, below the peer median. Employer contributions averaged $1,486 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 has held roughly steady near 0.46%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Virginia (1,464th of 2,266), and 3,099th of 5,337 in construction. In 2023, employees put in $4.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,963,808
Participants with balances168
Active participants143
Employer contributions$212,443
Employee contributions$860,070
Employer contribution per active participant$1,486
Average account balance$59,308
Benefits paid to participants$698,434
Plan auditUnmodified (clean) audit opinion
AuditorCOHN REZNICK
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$10.0M · 168 accts · $212K emplr
2022$8.4M · 149 accts · $184K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$42,503
Total administrative$42,503
The Capitol Boiler Works, Inc. 401(k) match · 2023
Employer contribution per active participant$1,486
Median for plans this size$1,308
2023$1,486 per active participant
2022$1,408 per active participant

Capitol Boiler Works, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$42,503
KESTRA INVESTMENT SERVICES LLC · Other servicesindirect comp

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

Administrative cost history3
2024Not separately reported
2023$42,503 · 0.46%
2022$40,816 · 0.47%
Similar plansConstruction · Virginia
Curtis Contracting, Inc. VA$10.3M · 0.48%
Lee Hy Construction LLC VA$10.2M · 0.02%
Ahp Operations, L.L.C VA$10.1M · 0.38%
NET100, LTD. VA$9.8M · 0.67%
M&E Contractors, Inc. VA$9.7M · 0.03%
Compu Dynamics, LLC VA$9.2M · 0.60%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 540735265 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.