Plan Ledger DOL Form 5500 · updated monthly

Cold Spring Construction CompanyProfit-sharing plan

COLD SPRING CONSTRUCTION COMPANY EMPLOYEES' PROFIT SHARING PLAN AND TRUST · AKRON, NY · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Cold Spring Construction Company reported $155,034 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $22,387 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 fell from 0.45% to 0.41%. 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 1,589th-largest of 5,648 plans among New York employers on file, and the 1,229th of 5,337 in construction. active participation has grown from 118 to 134 since 2022.

Plan summary
Net assets, end of year$40,304,612
Participants with balances237
Active participants134
Employer contributions$2,999,817
Employee contributions$0
Employer contribution per active participant$22,387
Average account balance$170,062
Benefits paid to participants$2,547,842
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.3M · 237 accts · $3.0M emplr
2023$35.5M · 202 accts · $2.2M emplr
2022$30.1M · 203 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,764
Investment management$120,770
Audit (IQPA)$22,500
Total administrative$155,034
Employer contributions to the Cold Spring Construction Company plan · 2024
Employer contribution per active participant$22,387
Median for plans this size$2,416
2024$22,387 per active participant
2023$20,940 per active participant
2022$16,849 per active participant

Cold Spring Construction Company's 2024 employer contribution ran above the $2,416 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
RIMKUS, MARCIANO & ASSOCIATES, INC · Recordkeeping$11,764
QCI ASSET MANAGEMENT, INC · Investment advisory (participants) · Investment advisory (plan)$120,770
GROGAN & STUFFLEBEAM, CPAS LLP · Accounting / audit$22,500

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

Recordkeeper by year2
2024RIMKUS, MARCIANO & ASSOCIATES, INC
2023RIMKUS, MARCIANO & ASSOCIATES, INC

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Administrative cost history3
2024$155,034 · 0.41%
2023$143,771 · 0.44%
2022$143,168 · 0.45%
Same employer
Similar plansConstruction · New York
Carver Companies NY$41.3M · 0.51%
Barr & Barr, Inc. NY$38.9M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161062004 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.