Plan Ledger DOL Form 5500 · updated monthly

Commodore Builders LLC401(k)

COMMODORE BUILDERS LLC 401(K) PLAN · WALTHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Commodore Builders LLC reported $74,501 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $3,240 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 rose from 0.02% to 0.24%. 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 894th-largest of 2,726 plans among Massachusetts employers on file, and the 1,377th of 5,337 in construction. In 2024, employees put in $3.58 for every $1.00 the employer contributed; active participation has shrunk from 216 to 182 since 2022.

Plan summary
Net assets, end of year$35,085,812
Participants with balances243
Active participants182
Employer contributions$589,741
Employee contributions$2,110,960
Employer contribution per active participant$3,240
Average account balance$144,386
Benefits paid to participants$2,027,108
Plan auditUnmodified (clean) audit opinion
AuditorE.J. CALLAHAN & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$35.1M · 243 accts · $590K emplr
2023$28.2M · 254 accts · $758K emplr
2022$21.8M · 265 accts · $631K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$74,501
Total administrative$74,501
The Commodore Builders LLC 401(k) match · 2024
Employer contribution per active participant$3,240
Median for plans this size$2,416
2024$3,240 per active participant
2023$4,258 per active participant
2022$2,919 per active participant

Commodore Builders LLC'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 · 20245
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$27,500
RSM US LLP · Accounting / audit$26,565
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$14,323
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,113
VOYA RETIREMENT INSURANCE AND ANNUI · Other servicesindirect comp

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$74,501 · 0.24%
2023$27,003 · 0.11%
2022$5,228 · 0.02%
Same employer
Similar plansConstruction · Massachusetts
Sps New England, Inc. MA$42.2M · 0.06%
Jay Cashman, Inc. MA$37.4M · 0.02%
Walsh Brothers, Inc. MA$36.8M · 0.29%
Harry Grodsky & Co., Inc. MA$35.1M · 0.06%
Ene. Systems Inc. MA$33.3M · 0.15%
J.C. Cannistraro, LLC. MA$33.3M · 0.39%
Zampell Refractories, Inc. MA$32.6M · 0.03%
Nexamp, Inc. MA$31.7M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843957331 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.