Plan Ledger DOL Form 5500 · updated monthly

Construction Partners, Inc.401(k)

CPI 401(K) PLAN · TALLAHASSEE, FL · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Construction Partners, Inc. reported $423,535 in plan administrative expenses for 2024: 0.36% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,879 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 0.42% to 0.36%. 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 255th-largest of 3,644 plans among Florida employers on file, and the 485th of 5,337 in construction. In 2024, employees put in $1.56 for every $1.00 the employer contributed; active participation has grown from 3,247 to 4,268 since 2022.

Plan summary
Net assets, end of year$134,003,898
Participants with balances3,690
Active participants4,268
Employer contributions$8,019,397
Employee contributions$12,502,328
Employer contribution per active participant$1,879
Average account balance$36,315
Benefits paid to participants$11,451,520
Plan auditUnmodified (clean) audit opinion
AuditorMCDANIEL & ASSOCIATES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$134.0M · 3,690 accts · $8.0M emplr
2023$102.9M · 3,094 accts · $6.9M emplr
2022$78.8M · 2,952 accts · $6.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$423,535
Total administrative$423,535
The Construction Partners, Inc. 401(k) match · 2024
Employer contribution per active participant$1,879
Median for plans this size$3,635
2024$1,879 per active participant
2023$1,958 per active participant
2022$1,840 per active participant

Construction Partners, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$423,534

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$423,535 · 0.36%
2023$336,788 · 0.37%
2022$328,481 · 0.42%
Similar plansConstruction · Florida
Eurovia USA FL$125.7M · 0.60%
Apex Services Partners LLC FL$123.7M · 0.49%
Crete Mechanical Group, Inc. FL$116.3M · 0.27%
Energy Air, Inc. FL$115.9M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260758017 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.