Plan Ledger DOL Form 5500 · updated monthly

Cleveland Construction, Inc.401(k)

CLEVELAND CONSTRUCTION RETIREMENT SAVINGS PLAN · MENTOR, OH · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

Cleveland Construction, Inc. reported $152,373 in plan administrative expenses for 2024: 0.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,871 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 3 years on file its reported administrative ratio has held roughly steady near 0.78%. 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 1,274th-largest of 3,295 plans among Ohio employers on file, and the 1,959th of 5,337 in construction. In 2024, employees put in $1.32 for every $1.00 the employer contributed; active participation has grown from 435 to 520 since 2022.

Plan summary
Net assets, end of year$20,962,111
Participants with balances680
Active participants520
Employer contributions$1,492,999
Employee contributions$1,969,159
Employer contribution per active participant$2,871
Average account balance$30,827
Benefits paid to participants$2,888,172
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.0M · 680 accts · $1.5M emplr
2023$18.3M · 549 accts · $1.2M emplr
2022$14.6M · 536 accts · $973K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$152,373
Total administrative$152,373
The Cleveland Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$2,871
Median for plans this size$2,416
2024$2,871 per active participant
2023$2,685 per active participant
2022$2,237 per active participant

Cleveland Construction, Inc.'s 2024 employer contribution ran above 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$72,391
ERISA SERVICES MIDWEST LLC · Recordkeeping · Loan processing$50,453
PRIME CAPITAL INV ADVISORS, LLC · Investment advisory (plan)$29,512

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

Recordkeeper by year2
2024ERISA SERVICES MIDWEST LLC, Transamerica
2023ERISA SERVICES MIDWEST LLC, Transamerica

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

Administrative cost history3
2024$152,373 · 0.78%
2023$118,995 · 0.72%
2022$116,148 · 0.76%
Similar plansConstruction · Ohio
Roth Bros., Inc. OH$22.0M · 0.45%
McNational, Inc. OH$21.8M · 0.13%
K. West Group, LLC OH$21.5M · 0.43%
Wmog, Inc. OH$19.4M · 0.29%
Waibel Energy Systems, Inc. OH$19.3M · 0.42%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 300044564 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.