Plan Ledger DOL Form 5500 · updated monthly

Cullum Mechanical Construction, Inc.401(k)

CULLUM MECHANICAL CONSTRUCTION, INC. 401(K) RETIREMENT SAVINGS & PROFIT SHARING PLAN · NORTH CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Cullum Mechanical Construction, Inc. reported $71,205 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,720 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 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 244th-largest of 807 plans among South Carolina employers on file, and the 1,881st of 5,337 in construction. In 2024, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,154,095
Participants with balances243
Active participants218
Employer contributions$374,999
Employee contributions$731,617
Employer contribution per active participant$1,720
Average account balance$91,169
Benefits paid to participants$1,108,381
Plan auditUnmodified (clean) audit opinion
AuditorMOSS & YANTIS, CPA, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 243 accts · $375K emplr
2023$18.7M · 239 accts · $350K emplr
2022$16.3M · 238 accts · $251K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,948
Investment management$34,807
Audit (IQPA)$9,450
Total administrative$71,205
The Cullum Mechanical Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$1,720
Median for plans this size$2,416
2024$1,720 per active participant
2023$1,683 per active participant
2022$1,198 per active participant

Cullum Mechanical Construction, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$26,948
CAROLINA QUALIFIED RETIREMENT PLAN · Investment advisory (plan)$34,807
MOSS & YANTIS CPA · Accounting / audit$9,450

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$71,205 · 0.35%
2023$65,289 · 0.37%
2022$66,148 · 0.36%
Same employer
Similar plansConstruction · South Carolina
C. R. Jackson, Inc. SC$29.5M · 0.25%
Morgan Corp SC$28.5M · 0.08%
Evans Management Group, LLC SC$20.9M · 0.57%
Greenwood, Inc. SC$20.9M · 0.40%
Banks Construction Company SC$20.3M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570546491 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.