Plan Ledger DOL Form 5500 · updated monthly

Clancy & Theys Construction Company401(k)

CLANCY & THEYS CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Clancy & Theys Construction Company reported $279,632 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,812 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 0.56%. 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 355th-largest of 2,005 plans among North Carolina employers on file, and the 1,008th of 5,337 in construction. In 2024, employees put in $4.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$53,263,133
Participants with balances487
Active participants403
Employer contributions$730,114
Employee contributions$3,464,454
Employer contribution per active participant$1,812
Average account balance$109,370
Benefits paid to participants$4,628,893
Plan auditUnmodified (clean) audit opinion
AuditorSTANCIL PC
Plan history3
Yearassets · accounts · employer contribution
2024$53.3M · 487 accts · $730K emplr
2023$46.3M · 484 accts · $1.5M emplr
2022$36.7M · 457 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,020
Investment management$84,098
Trustee / custodial$176,514
Total administrative$279,632
The Clancy & Theys Construction Company 401(k) match · 2024
Employer contribution per active participant$1,812
Median for plans this size$2,416
2024$1,812 per active participant
2023$3,507 per active participant
2022$3,051 per active participant

Clancy & Theys Construction Company'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 · 20243
SENTINEL BENEFITS GROUP LLC · Recordkeeping$19,020
WILMINGTON TRUST FIDUCIARY SERVICES · Trustee$176,514
UBS FINANCIAL SERVICES INC. · Trustee$84,098

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

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

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

Administrative cost history3
2024$279,632 · 0.56%
2023$227,122 · 0.55%
2022$213,248 · 0.53%
Same employer
Similar plansConstruction · North Carolina
Jf Acquistion, LLC NC$67.5M · 0.61%
Baker Roofing Company, LLC NC$57.3M · 0.80%
M.B. Haynes Corporation NC$50.9M · 0.02%
Brady Trane Service, Inc. NC$43.2M · 0.01%
Samet Corporation NC$38.8M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560509939 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.