Plan Ledger DOL Form 5500 · updated monthly

David H Martin Excavating Inc401(k)

DAVID H MARTIN EXCAVATING INC 401K PLAN · CHAMBERSBURG, PA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

David H Martin Excavating Inc reported $6,045 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,909 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 0.05%. 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 among the smaller plans on file in Pennsylvania (2,074th of 3,651), and 2,762nd of 5,337 in construction. In 2024, employees put in $1.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,333,303
Participants with balances214
Active participants189
Employer contributions$549,878
Employee contributions$917,765
Employer contribution per active participant$2,909
Average account balance$57,632
Benefits paid to participants$830,558
Plan auditUnmodified (clean) audit opinion
AuditorBOYER & RITTER
Plan history3
Yearassets · accounts · employer contribution
2024$12.3M · 214 accts · $550K emplr
2023$10.3M · 209 accts · $541K emplr
2022$8.3M · 214 accts · $494K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,666
Investment management$379
Total administrative$6,045
The David H Martin Excavating Inc 401(k) match · 2024
Employer contribution per active participant$2,909
Median for plans this size$2,416
2024$2,909 per active participant
2023$2,849 per active participant
2022$2,654 per active participant

David H Martin Excavating Inc's 2024 employer contribution ran above 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 · 20242
SMITH ELLIOTT KEARNS & COMPANY, LLC · Other services$3,766
VOYA RETIREMENT INS AND ANNUITY CO · Investment advisory (participants)$1,900

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

Administrative cost history3
2024$6,045 · 0.05%
2023$7,116 · 0.08%
2022$4,714 · 0.06%
Same employer
Similar plansConstruction · Pennsylvania
Mve Group, Inc. PA$12.4M · 0.33%
Eda Roofing, Inc. PA$12.4M · 0.61%
Sargent Electric Company PA$12.2M · 0.07%
Smucker Company PA$11.9M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251564223 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.