Plan Ledger DOL Form 5500 · updated monthly

Ceco, Inc.401(k)

CECO/ITG 401(K) SAVINGS PLAN · COLUMBIA, MD · plan year 2024

Reported admin expense ratio · 2024
1.07%

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

Ceco, Inc. reported $37,457 in plan administrative expenses for 2024: 1.07% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,855 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 fell from 1.19% to 1.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Maryland (1,359th of 1,671), and 4,243rd of 5,337 in construction. In 2024, employees put in $2.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,965,743
Participants with balances145
Active participants115
Employer contributions$213,346
Employee contributions$480,532
Employer contribution per active participant$1,855
Average account balance$27,350
Benefits paid to participants$186,191
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.0M · 145 accts · $213K emplr
2023$3.0M · 142 accts · $205K emplr
2022$2.0M · 143 accts · $189K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,457
Total administrative$37,457
The Ceco, Inc. 401(k) match · 2024
Employer contribution per active participant$1,855
Median for plans this size$1,313
2024$1,855 per active participant
2023$1,663 per active participant
2022$1,579 per active participant

Ceco, Inc.'s 2024 employer contribution ran above 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 · 20242
TRANSAMERICA FINANCIAL LIFE INS CO · Recordkeeping · Loan processing$23,887
ADMIN GROUP, LLC DBA TAG RESOURCES · Recordkeeping · Loan processing$13,570

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

Recordkeeper by year2
2024ADMIN GROUP, LLC DBA TAG RESOURCES, Transamerica
2023ADMIN GROUP, LLC DBA TAG RESOURCES, Transamerica

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

Administrative cost history3
2024$37,457 · 1.07%
2023$28,151 · 1.11%
2022$24,050 · 1.19%
Same employer
Similar plansConstruction · Maryland
Lumina Solar, Inc. MD$4.3M · 0.99%
Bryant Group Inc MD$3.6M · 0.93%
Thrifty Iron Works, Inc. MD$3.6M · 0.95%
Summit Construction, Inc. MD$3.6M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521228276 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.