Plan Ledger DOL Form 5500 · updated monthly

Costello, Inc.401(k)

COSTELLO, INC. 401(K) PLAN · HOUSTON, TX · plan year 2023

Reported admin expense ratio · 2023
0.31%

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

Costello, Inc. reported $68,268 in plan administrative expenses for 2023: 0.31% of average plan assets, above the peer median. Employer contributions averaged $3,156 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 1 year on file its reported administrative ratio rose from 0.28% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 1,827th-largest of 5,688 plans among Texas employers on file, and the 1,818th of 5,337 in construction. In 2023, employees put in $2.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,263,088
Participants with balances182
Active participants180
Employer contributions$568,077
Employee contributions$1,183,971
Employer contribution per active participant$3,156
Average account balance$127,819
Benefits paid to participants$3,439,478
Plan auditUnmodified (clean) audit opinion
AuditorRUSSON & JOHNSTON LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$23.3M · 182 accts · $568K emplr
2022$21.3M · 177 accts · $517K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$21,564
Investment management$46,704
Total administrative$68,268
The Costello, Inc. 401(k) match · 2023
Employer contribution per active participant$3,156
Median for plans this size$2,440
2023$3,156 per active participant
2022$2,953 per active participant

Costello, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK RETIREMENT PLAN SERVIC · Recordkeeping · Loan processing$23,304
OPPENHEIMER & CO. INC. · Investment advisory (plan)$44,964

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
2024Not separately reported
2023$68,268 · 0.31%
2022$64,181 · 0.28%
Same employer
Similar plansConstruction · Texas
Newmark Homes Houston, LLC TX$23.1M · 0.01%
Stewart Builders, Inc. TX$22.7M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760341570 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.