Plan Ledger DOL Form 5500 · updated monthly

Concrete Protection & Restoration, Inc.401(k)

CONCRETE PROTECTION & RESTORATION, INC. RETIREMENT PLAN · BALTIMORE, MD · plan year 2023

Reported admin expense ratio · 2023
0.48%

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

Concrete Protection & Restoration, Inc. reported $36,976 in plan administrative expenses for 2023: 0.48% of average plan assets, below the peer median. Employer contributions averaged $581 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 fell from 0.75% to 0.48%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Maryland (1,068th of 1,671), and 3,327th of 5,337 in construction. In 2023, employees put in $2.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,466,907
Participants with balances75
Active participants355
Employer contributions$206,155
Employee contributions$446,597
Employer contribution per active participant$581
Average account balance$112,892
Benefits paid to participants$64,038
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$8.5M · 75 accts · $206K emplr
2022$6.9M · 74 accts · $175K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$10,532
Investment management$13,444
Audit (IQPA)$13,000
Total administrative$36,976
The Concrete Protection & Restoration, Inc. 401(k) match · 2023
Employer contribution per active participant$581
Median for plans this size$1,308
2023$581 per active participant
2022$522 per active participant

Concrete Protection & Restoration, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
RED OAK FINANCIAL GROUP · Investment advisory (plan)$13,444
CONCRETE PROTECTION & RESTORATION$13,000
RED OAK RETIREMENT · Contract administrator$5,925

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

Administrative cost history2
2023$36,976 · 0.48%
2022$55,333 · 0.75%
All plans at this employer2
CONCRETE PROTECTION & RESTORATION, INC. RETIREMENT PLAN401(k)
THE CONTRACTORS RETIREMENT PLANProfit-sharing plan
Same employer
Similar plansConstruction · Maryland
Hirsch Electric, LLC. MD$8.8M · 0.55%
Nlp Enterprises Inc. MD$8.5M · 0.57%
Keller Brothers, Inc. MD$7.9M · 0.07%
Ellsworth Electric, Inc. MD$7.7M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521968972 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.