Plan Ledger DOL Form 5500 · updated monthly

Digging & Rigging, Inc.401(k)

DIGGING & RIGGING 401(K) PROFIT SHARING PLAN · MOUNT AIRY, MD · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Digging & Rigging, Inc. reported $85,568 in plan administrative expenses for 2024: 0.71% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,873 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 0.46% to 0.71%. 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 Maryland (853rd of 1,671), and 2,688th of 5,337 in construction. In 2024, employees put in $3.12 for every $1.00 the employer contributed; active participation has shrunk from 212 to 187 since 2022.

Plan summary
Net assets, end of year$12,980,780
Participants with balances219
Active participants187
Employer contributions$350,269
Employee contributions$1,094,048
Employer contribution per active participant$1,873
Average account balance$59,273
Benefits paid to participants$1,108,935
Plan auditDisclaimer of opinion
AuditorBETHKE CPA, INC
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 219 accts · $350K emplr
2023$11.0M · 241 accts · $390K emplr
2022$8.8M · 232 accts · $342K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,847
Investment management$28,001
Total administrative$85,568
The Digging & Rigging, Inc. 401(k) match · 2024
Employer contribution per active participant$1,873
Median for plans this size$2,416
2024$1,873 per active participant
2023$1,756 per active participant
2022$1,611 per active participant

Digging & Rigging, 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 · 20244
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$45,147
WELLTH ADVISORY SERVICES, LLC · Investment advisory (participants)$14,852
GLOBAL RETIREMENT PARTNERS, LLC · Investment advisory (participants)$13,149
DUNCAN ACCOUNTING & TAX SERVICES · Contract administrator$6,720

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
2024$85,568 · 0.71%
2023$99,115 · 1.00%
2022$42,309 · 0.46%
Same employer
Similar plansConstruction · Maryland
Chesapeake Systems, LLC MD$14.2M · 0.43%
Igp Management Corporation MD$13.8M · 0.29%
Dxi Construction, Inc. MD$13.8M · 0.76%
Ark Systems, Inc. MD$12.9M · 0.41%
Bowings & Huber, LLC MD$12.5M · 0.08%
Aui, Inc. MD$12.4M · 0.56%
Len the Plumber, LLC MD$12.2M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521210282 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.