Plan Ledger DOL Form 5500 · updated monthly

Chiaramonte Construction Company401(k)

CHIARAMONTE CONSTRUCTION COMPANY 401(K) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Chiaramonte Construction Company reported $63,737 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $12,144 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 0.53% to 0.70%. 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 District of Columbia (448th of 618), and 3,155th of 5,337 in construction. In 2024, the employer put in $4.97 for every $1.00 employees contributed themselves; active participation has grown from 99 to 120 since 2022.

Plan summary
Net assets, end of year$9,557,692
Participants with balances142
Active participants120
Employer contributions$1,457,255
Employee contributions$293,209
Employer contribution per active participant$12,144
Average account balance$67,308
Benefits paid to participants$1,589,324
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 142 accts · $1.5M emplr
2023$8.6M · 147 accts · $1.4M emplr
2022$6.8M · 125 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,737
Total administrative$63,737
The Chiaramonte Construction Company 401(k) match · 2024
Employer contribution per active participant$12,144
Median for plans this size$1,313
2024$12,144 per active participant
2023$11,715 per active participant
2022$13,465 per active participant

Chiaramonte Construction Company's 2024 employer contribution ran above the $1,313 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$49,077
UNIGLOBAL PENSION PLANNING, INC. · Contract administrator · Other services$14,660
WELLS FARGO CLEARING SVCS (WF ADVS) · Investment advisory (plan)indirect 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$63,737 · 0.70%
2023$43,030 · 0.56%
2022$36,778 · 0.53%
Similar plansConstruction · District of Columbia
Joseph J. Magnolia, Inc. DC$41.4M · 0.28%
McN Build, Inc. DC$14.8M · 0.42%
Blackwood of Dc LLC DC$6.0M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201576336 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.