Plan Ledger DOL Form 5500 · updated monthly

Concrete Technologies, Inc.401(k)

CONCRETE TECHNOLOGIES, INC. 401(K) PLAN · GRIMES, IA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Concrete Technologies, Inc. reported $1,940 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,705 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 0.03%. 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 Iowa (623rd of 878), and 3,389th of 5,337 in construction. In 2024, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,004,204
Participants with balances124
Active participants177
Employer contributions$301,716
Employee contributions$562,020
Employer contribution per active participant$1,705
Average account balance$64,550
Benefits paid to participants$279,713
Plan auditUnmodified (clean) audit opinion
AuditorTBB ADVISORS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.0M · 124 accts · $302K emplr
2023$6.5M · 118 accts · $289K emplr
2022$5.4M · 115 accts · $275K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,940
Total administrative$1,940
The Concrete Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$1,705
Median for plans this size$1,313
2024$1,705 per active participant
2023$1,472 per active participant
2022$1,465 per active participant

Concrete Technologies, Inc.'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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$48,008

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Concrete Technologies, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,940 · 0.03%
2023$1,615 · 0.03%
2022$1,150 · 0.02%
Similar plansConstruction · Iowa
Cedar Valley Corp., LLC IA$9.2M · 0.42%
Temco, Inc. IA$9.1M · 0.36%
Murphy Tower Service, LLC IA$6.0M · 1.15%
Van Maanen Electric, Inc. IA$4.5M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421502977 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.