Plan Ledger DOL Form 5500 · updated monthly

Colony Construction, Inc.401(k)

COLONY CONSTRUCTION, INC. 401(K) PLAN · POWHATAN, VA · plan year 2022

Reported admin expense ratio · 2022
0.50%

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

Colony Construction, Inc. reported $29,922 in plan administrative expenses for 2022: 0.50% of average plan assets, above the peer median. Employer contributions averaged $752 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 1 year on file its reported administrative ratio rose from 0.50% to 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Virginia (1,777th of 2,266), and 3,876th of 5,337 in construction. In 2022, employees put in $3.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,517,112
Participants with balances100
Active participants116
Employer contributions$87,250
Employee contributions$289,713
Employer contribution per active participant$752
Average account balance$55,171
Benefits paid to participants$601,995
Plan auditUnmodified (clean) audit opinion
AuditorHARRIS, HARDY AND JOHNSTONE, P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$5.4M · 99 accts · $163K emplr
2022$5.5M · 100 accts · $87K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$9,225
Investment management$20,697
Total administrative$29,922
The Colony Construction, Inc. 401(k) match · 2022
Employer contribution per active participant$752
Median for plans this size$1,114
2023$1,274 per active participant
2022$752 per active participant

Colony Construction, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$33,207 · 0.61%
2022$29,922 · 0.50%
Same employer
Similar plansConstruction · Virginia
Pillar Construction, Inc. VA$6.0M · 0.56%
Km Builders VA$5.7M · 0.68%
N&S Construction Inc VA$5.3M · 0.16%
Rcd, Inc. VA$4.7M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621380768 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.