Plan Ledger DOL Form 5500 · updated monthly

Connell Resources, Inc.401(k)

CONNELL RESOURCES, INC. 401(K) PROFIT SHARING PLAN · FORT COLLINS, CO · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Connell Resources, Inc. reported $125,373 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $9,381 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 3 years on file its reported administrative ratio has held roughly steady near 0.38%. 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 338th-largest of 1,461 plans among Colorado employers on file, and the 1,391st of 5,337 in construction. In 2024, the employer put in $1.74 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$34,474,171
Participants with balances242
Active participants237
Employer contributions$2,223,320
Employee contributions$1,279,891
Employer contribution per active participant$9,381
Average account balance$142,455
Benefits paid to participants$3,296,571
Plan auditUnmodified (clean) audit opinion
AuditorMARTIN VEJVODA & ASSOC.
Plan history3
Yearassets · accounts · employer contribution
2024$34.5M · 242 accts · $2.2M emplr
2023$30.7M · 248 accts · $1.6M emplr
2022$25.0M · 229 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$125,373
Total administrative$125,373
The Connell Resources, Inc. 401(k) match · 2024
Employer contribution per active participant$9,381
Median for plans this size$2,416
2024$9,381 per active participant
2023$7,242 per active participant
2022$6,014 per active participant

Connell Resources, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 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$129,948
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$125,373 · 0.38%
2023$105,665 · 0.38%
2022$108,694 · 0.40%
Same employer
Similar plansConstruction · Colorado
Sema Construction, Inc. CO$40.8M · 0.31%
The Neenan Company CO$37.5M · 0.04%
Shaw Services Company CO$26.3M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840588541 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.