Plan Ledger DOL Form 5500 · updated monthly

Davis & Plomin Mechanical, Inc.401(k)

DAVIS & PLOMIN, INC. 401(K) RETIREMENT SAVINGS PLAN · LEXINGTON, KY · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Davis & Plomin Mechanical, Inc. reported $36,825 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $2,570 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 0.20% to 0.33%. 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 423rd-largest of 871 plans among Kentucky employers on file, and 2,801st of 5,337 in construction. In 2024, employees put in $1.42 for every $1.00 the employer contributed; active participation has grown from 139 to 165 since 2022.

Plan summary
Net assets, end of year$12,056,045
Participants with balances172
Active participants165
Employer contributions$424,016
Employee contributions$604,022
Employer contribution per active participant$2,570
Average account balance$70,093
Benefits paid to participants$263,730
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.1M · 172 accts · $424K emplr
2023$9.9M · 169 accts · $456K emplr
2022$7.7M · 140 accts · $360K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,825
Total administrative$36,825
The Davis & Plomin Mechanical, Inc. 401(k) match · 2024
Employer contribution per active participant$2,570
Median for plans this size$2,416
2024$2,570 per active participant
2023$2,924 per active participant
2022$2,587 per active participant

Davis & Plomin Mechanical, 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 · 20246
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$2,871
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$1,040
MCGREGOR & ASSOCIATES, INC. · Recordkeeping · Loan processing$630
MCF ADVISORS · Investment advisory (plan)$16,663
CHERRY BEKAERT · Accounting / audit$13,650
MESIROW FINANCIAL, INC. · Investment advisory (plan)$1,831

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

Recordkeeper by year2
2024MCGREGOR & ASSOCIATES, INC., Transamerica
2023MCGREGOR & ASSOCIATES, INC., MCM CPAS & ADVISORS LLP, Transamerica

This plan has changed recordkeepers within these filings. If you left Davis & Plomin Mechanical, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$36,825 · 0.33%
2023$15,981 · 0.18%
2022$16,705 · 0.20%
Same employer
Similar plansConstruction · Kentucky
Marine Solutions, Inc. KY$12.6M · 0.16%
Judy Construction Company KY$11.9M · 0.19%
Mago Construction Co., LLC KY$11.5M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611153242 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.