Plan Ledger DOL Form 5500 · updated monthly

Colt Builders Corp.401(k)

COLT BUILDERS 401(K) PLAN · MURRAY, UT · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Colt Builders Corp. reported $29,874 in plan administrative expenses for 2024: 0.46% of average plan assets, below the peer median. Employer contributions averaged $1,502 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 0.50% to 0.46%. 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 Utah (539th of 848), and 3,582nd of 5,337 in construction. In 2024, employees put in $1.69 for every $1.00 the employer contributed; active participation has grown from 215 to 252 since 2022.

Plan summary
Net assets, end of year$7,066,423
Participants with balances104
Active participants252
Employer contributions$378,467
Employee contributions$639,719
Employer contribution per active participant$1,502
Average account balance$67,946
Benefits paid to participants$674,970
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 104 accts · $378K emplr
2023$5.8M · 108 accts · $345K emplr
2022$4.3M · 129 accts · $395K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,302
Investment management$2,572
Total administrative$29,874
The Colt Builders Corp. 401(k) match · 2024
Employer contribution per active participant$1,502
Median for plans this size$1,313
2024$1,502 per active participant
2023$1,808 per active participant
2022$1,836 per active participant

Colt Builders Corp.'s 2024 employer contribution ran above 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 · 20241
CPI QUALIFIED PLAN CONSULTANTS, INC · Pension consulting · Loan processing$27,302

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

Administrative cost history3
2024$29,874 · 0.46%
2023$25,220 · 0.50%
2022$22,222 · 0.50%
Same employer
Similar plansConstruction · Utah
Gunthers, Inc. UT$9.0M · 0.20%
Broken Arrow Incorporated UT$7.5M · 0.22%
Kimball Management UT$7.1M · 0.53%
Rmd Management, Inc. UT$6.0M · 0.94%
Vancon, Inc UT$5.9M · 0.03%
A & I Floor Covering Inc UT$5.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200655762 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.