Plan Ledger DOL Form 5500 · updated monthly

Cummings Electrical, LP401(k)

CUMMINGS ELECTRICAL 401(K) PLAN · FORT WORTH, TX · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Cummings Electrical, LP reported $184,834 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $759 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 0.59% to 0.51%. 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 1,256th-largest of 5,688 plans among Texas employers on file, and the 1,255th of 5,337 in construction. In 2024, employees put in $4.64 for every $1.00 the employer contributed; active participation has grown from 510 to 1,024 since 2022.

Plan summary
Net assets, end of year$39,381,997
Participants with balances1,494
Active participants1,024
Employer contributions$777,429
Employee contributions$3,610,027
Employer contribution per active participant$759
Average account balance$26,360
Benefits paid to participants$3,176,443
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.4M · 1,494 accts · $777K emplr
2023$33.0M · 1,111 accts · $580K emplr
2022$27.4M · 997 accts · $505K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,135
Investment management$69,930
Audit (IQPA)$15,000
Total administrative$184,834
The Cummings Electrical, LP 401(k) match · 2024
Employer contribution per active participant$759
Median for plans this size$2,416
2024$759 per active participant
2023$932 per active participant
2022$991 per active participant

Cummings Electrical, LP's 2024 employer contribution ran below the $2,416 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 · 20243
ASCENSUS LLC · Loan processing · Recordkeeping$99,135
MIAI INC · Investment advisory (plan)$69,930
LANE GORMAN TRUBITT, LLC · Accounting / audit$15,000

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$184,834 · 0.51%
2023$177,606 · 0.59%
2022$175,659 · 0.59%
Same employer
Similar plansConstruction · Texas
Brightland Homes, LTD TX$42.4M · 0.44%
Hmt LLC TX$40.7M · 0.23%
Mason Construction, LLC TX$38.0M · 0.08%
Ai Fire, LLC TX$37.5M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463340103 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.