Plan Ledger DOL Form 5500 · updated monthly

Contractors Materials, LLC401(k)

CONTRACTORS MATERIALS, LLC CASH OR DEFERRED PROFIT SHARING PLAN AND TRUST · NEW CASTLE, DE · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Contractors Materials, LLC reported $56,843 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,231 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 rose from 0.82% to 0.89%. 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 Delaware (173rd of 242), and 3,662nd of 5,337 in construction. In 2024, the employer put in $1.19 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$6,516,581
Participants with balances175
Active participants119
Employer contributions$265,466
Employee contributions$222,982
Employer contribution per active participant$2,231
Average account balance$37,238
Benefits paid to participants$886,310
Plan auditUnmodified (clean) audit opinion
AuditorHORTY & HORTY, PA
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 175 accts · $265K emplr
2023$6.2M · 166 accts · $278K emplr
2022$5.3M · $251K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,843
Total administrative$56,843
The Contractors Materials, LLC 401(k) match · 2024
Employer contribution per active participant$2,231
Median for plans this size$1,313
2024$2,231 per active participant
2023$2,226 per active participant
2022$2,059 per active participant

Contractors Materials, LLC's 2024 employer contribution ran above the $1,313 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 · 20241
JOHN HANCOCK LIFE INSURANCE · Recordkeeping · Investment management$2,605

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$56,843 · 0.89%
2023$48,878 · 0.85%
2022$46,699 · 0.82%
Similar plansConstruction · Delaware
Diamond Materials LLC DE$11.5M · 0.01%
P. J. Fitzpatrick, LLC DE$11.0M · 0.96%
P. J. Fitzpatrick, Inc. DE$6.4M · 0.95%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522020248 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.