Plan Ledger DOL Form 5500 · updated monthly

Coffman Excavation Inc.401(k)

COFFMAN EXCAVATION, INC. UNION 401(K) PROFIT SHARING PLAN · OREGON CITY, OR · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Coffman Excavation Inc. reported $58,598 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. Employer contributions averaged $1,057 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 0.72%. 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 Oregon (607th of 1,021), and 3,316th of 5,337 in construction. In 2024, employees put in $4.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,535,716
Participants with balances101
Active participants114
Employer contributions$120,486
Employee contributions$543,866
Employer contribution per active participant$1,057
Average account balance$84,512
Benefits paid to participants$1,037,138
Plan auditUnmodified (clean) audit opinion
AuditorHOFFMAN,STEWART & SCHMIDT, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 101 accts · $120K emplr
2023$7.8M · 111 accts · $107K emplr
2022$6.5M · 112 accts · $110K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,267
Investment management$41,331
Total administrative$58,598
The Coffman Excavation Inc. 401(k) match · 2024
Employer contribution per active participant$1,057
Median for plans this size$1,313
2024$1,057 per active participant
2023$1,049 per active participant
2022$963 per active participant

Coffman Excavation Inc.'s 2024 employer contribution ran below 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
SPECTRUM PENSION CONSULTANTS, INC. · Claims processing · Recordkeeping$17,267
SLOY DAHL & HOLST · Investment advisory (participants) · Investment advisory (plan)$41,331

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

Recordkeeper by year2
2024SPECTRUM PENSION CONSULTANTS, INC.
2023SPECTRUM PENSION CONSULTANTS, INC.

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Administrative cost history3
2024$58,598 · 0.72%
2023$55,982 · 0.79%
2022$58,814 · 0.70%
Similar plansConstruction · Oregon
Perfect Air Holdco LLC OR$9.3M · 0.55%
Taylor Metal, Inc. OR$7.7M · 0.08%
Lmc, Inc. OR$7.6M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364749989 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.