Plan Ledger DOL Form 5500 · updated monthly

Construction Ventures, Inc.401(k)

CONSTRUCTION 401 K PLAN · WINONA, MN · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Construction Ventures, Inc. reported $49,275 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $6,481 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.

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 Minnesota (1,355th of 1,918), and 3,246th of 5,337 in construction. In 2024, the employer put in $1.13 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$8,953,811
Participants with balances137
Active participants77
Employer contributions$499,007
Employee contributions$440,363
Employer contribution per active participant$6,481
Average account balance$65,356
Benefits paid to participants$854,377
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,275
Total administrative$49,275
The Construction Ventures, Inc. 401(k) match · 2024
Employer contribution per active participant$6,481
Median for plans this size$1,313

Construction Ventures, Inc.'s 2024 employer contribution ran above the $1,313 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
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Participant communication$1,370
MERCHANTS BANK NATIONAL ASSOCIATION · Trustee$47,905

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

Administrative cost history1
2024$49,275 · 0.58%
Similar plansConstruction · Minnesota
Knobelsdorff Electric, Inc. MN$10.8M · 0.66%
Aquarius Water Conditioning MN$10.6M · 0.58%
McC, Inc. MN$8.2M · 0.67%
Wescom, Inc. MN$8.1M · 0.73%
Berg Group, LLC MN$7.9M · 0.22%
Berg Group, LLC MN$7.9M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411655342 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.