Plan Ledger DOL Form 5500 · updated monthly

Century Contractors, Inc.401(k)

CENTURY CONTRACTORS, INC. 401(K) PLAN · MATTHEWS, NC · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Century Contractors, Inc. reported $21,522 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $2,189 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 0.09% to 0.13%. 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 770th-largest of 2,005 plans among North Carolina employers on file, and the 2,129th of 5,337 in construction. In 2024, employees put in $2.96 for every $1.00 the employer contributed; active participation has grown from 133 to 223 since 2022.

Plan summary
Net assets, end of year$18,680,615
Participants with balances335
Active participants223
Employer contributions$488,216
Employee contributions$1,445,559
Employer contribution per active participant$2,189
Average account balance$55,763
Benefits paid to participants$904,875
Plan auditUnmodified (clean) audit opinion
AuditorELLIOTT DAVIS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$18.7M · 335 accts · $488K emplr
2023$15.7M · 227 accts · $312K emplr
2022$14.0M · 188 accts · $265K emplr
Administrative expenses, itemized · 2024
Investment management$24,000
Total administrative$21,522
The Century Contractors, Inc. 401(k) match · 2024
Employer contribution per active participant$2,189
Median for plans this size$2,416
2024$2,189 per active participant
2023$1,744 per active participant
2022$1,990 per active participant

Century Contractors, Inc.'s 2024 employer contribution ran below 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 · 20242
NFP RETIREMENT INC · Investment advisory (plan)$24,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect 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
2024$21,522 · 0.13%
2023$11,678 · 0.08%
2022$14,342 · 0.09%
Same employer
Similar plansConstruction · North Carolina
Hepaco LLC NC$19.9M · 0.80%
Edwards, Inc. NC$19.2M · 0.55%
Price Brothers, Inc NC$18.8M · 0.45%
Trader Construction Co. NC$18.8M · 0.01%
Shelco, LLC NC$18.1M · 0.40%
Industrial Air, Inc. NC$17.4M · 0.29%
Environamics, Inc. NC$17.2M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591654820 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.