Plan Ledger DOL Form 5500 · updated monthly

Concrete Supply Company, LLC401(k)

CONCRETE SUPPLY COMPANY SAVINGS PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Concrete Supply Company, LLC reported $257,683 in plan administrative expenses for 2024: 0.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,039 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 0.31% to 0.42%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 307th-largest of 2,005 plans among North Carolina employers on file, and the 2,598th of 13,661 in manufacturing. In 2024, the employer put in $1.04 for every $1.00 employees contributed themselves; active participation has grown from 1,016 to 1,206 since 2022.

Plan summary
Net assets, end of year$65,103,579
Participants with balances1,563
Active participants1,206
Employer contributions$3,665,622
Employee contributions$3,521,846
Employer contribution per active participant$3,039
Average account balance$41,653
Benefits paid to participants$7,952,360
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$65.1M · 1,563 accts · $3.7M emplr
2023$58.7M · 1,352 accts · $4.4M emplr
2022$48.7M · 1,273 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$169,814
Investment management$87,869
Total administrative$257,683
The Concrete Supply Company, LLC 401(k) match · 2024
Employer contribution per active participant$3,039
Median for plans this size$3,635
2024$3,039 per active participant
2023$4,163 per active participant
2022$2,667 per active participant

Concrete Supply Company, LLC's 2024 employer contribution ran below the $3,635 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$169,814
CAPFINANCIAL PARTNERS, L · Investment advisory (plan)$87,869

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$257,683 · 0.42%
2023$215,038 · 0.40%
2022$164,236 · 0.31%
Similar plansManufacturing · North Carolina
Wastequip, LLC. NC$72.9M · 0.36%
Pyxus International, Inc. NC$69.1M · 0.19%
Hyosung Holdings USA, Inc NC$65.6M · 0.12%
Lc Industries NC$63.7M · 0.07%
Stanadyne LLC NC$62.9M · 0.11%
Stabilus, Inc. NC$59.6M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462026923 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.