Plan Ledger DOL Form 5500 · updated monthly

Construction Administration Network, LLC401(k)

CONSTRUCTION ADMINISTRATION NETWORK, LLC EMPLOYEE SAVINGS & PREVAILING WAGE PLAN · TROY, NY · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Construction Administration Network, LLC reported $150,703 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $8,541 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 fell from 0.29% to 0.25%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 1,165th-largest of 5,648 plans among New York employers on file, and the 894th of 5,337 in construction. In 2024, the employer put in $1.30 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$62,450,291
Participants with balances552
Active participants357
Employer contributions$3,048,978
Employee contributions$2,347,307
Employer contribution per active participant$8,541
Average account balance$113,135
Benefits paid to participants$5,408,238
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$62.5M · 552 accts · $3.0M emplr
2023$55.9M · 513 accts · $2.9M emplr
2022$47.0M · 498 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,600
Investment management$89,880
Trustee / custodial$11,223
Total administrative$150,703
The Construction Administration Network, LLC 401(k) match · 2024
Employer contribution per active participant$8,541
Median for plans this size$3,635
2024$8,541 per active participant
2023$8,816 per active participant
2022$7,468 per active participant

Construction Administration Network, LLC's 2024 employer contribution ran above the $3,635 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 · 20243
NYHART · Recordkeeping · Participant communication$49,600
GLOBAL RETIREMENT PARTNERS, LLC · Investment advisory (participants) · Investment advisory (plan)$89,880
CHARLES SCHWAB TRUST BANK · Trustee$11,223

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

Recordkeeper by year2
2024NYHART
2023NYHART

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Administrative cost history3
2024$150,703 · 0.25%
2023$159,271 · 0.31%
2022$150,305 · 0.29%
Same employer
Similar plansConstruction · New York
J.T. Magen & Company Inc. NY$64.8M · 0.22%
O'Connell Electric Co. NY$58.8M · 0.30%
Gil-Bar Industries Inc NY$56.3M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823708699 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.