Plan Ledger DOL Form 5500 · updated monthly

Construction Employees Group Profit401(k)

CONSTRUCTION EMPLOYEES GROUP PROFIT SHARING PLAN · FARGO, ND · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Construction Employees Group Profit reported $68,461 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,316 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 0.057%. 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 26th-largest of 279 plans among North Dakota employers on file, and the 519th of 5,337 in construction. In 2024, the employer put in $2.59 for every $1.00 employees contributed themselves; active participation has grown from 1,336 to 1,728 since 2022.

Plan summary
Net assets, end of year$123,468,902
Participants with balances1,827
Active participants1,728
Employer contributions$7,457,186
Employee contributions$2,875,956
Employer contribution per active participant$4,316
Average account balance$67,580
Benefits paid to participants$14,356,448
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$123.5M · 1,827 accts · $7.5M emplr
2023$115.1M · 1,723 accts · $6.8M emplr
2022$106.5M · 1,831 accts · $6.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,783
Investment management$787
Audit (IQPA)$23,700
Total administrative$68,461
The Construction Employees Group Profit 401(k) match · 2024
Employer contribution per active participant$4,316
Median for plans this size$3,635
2024$4,316 per active participant
2023$5,311 per active participant
2022$5,064 per active participant

Construction Employees Group Profit's 2024 employer contribution ran above 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 · 20246
EMPOWER ANNUITY INSURANCE COMPANY O · Contract administrator · Recordkeeping$41,783
BRADY MARTZ & ASSOCIATES PC · Accounting / audit · Plan administrator$23,700
EPIC HOSPITALITY LLC DBA HOLIDAY IN$1,253
ADVISED ASSETS GROUP, LLC · Investment management$787
PROEQUITIES, INC · Securities brokerageindirect comp
CONCOURSE FINANCIAL GROUP SECURITIEindirect comp

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

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Construction Employees Group Profit 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$68,461 · 0.06%
2023$54,672 · 0.05%
2022$67,036 · 0.06%
Similar plansConstruction · North Dakota
Knife River Corporation ND$964.2M · 0.11%
Fisher Sand & Gravel Co. ND$84.2M · 0.42%
Miller Enterprises, Inc. ND$46.2M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 456029203 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.