Plan Ledger DOL Form 5500 · updated monthly

Dimeo Construction Company401(k)

DIMEO PROFIT SHARING SAVINGS PLAN · PROVIDENCE, RI · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Dimeo Construction Company reported $317,496 in plan administrative expenses for 2024: 0.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $9,071 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 0.43% to 0.35%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 44th-largest of 286 plans among Rhode Island employers on file, and the 655th of 5,337 in construction. In 2024, employees put in $1.61 for every $1.00 the employer contributed; active participation has grown from 143 to 168 since 2022.

Plan summary
Net assets, end of year$92,669,832
Participants with balances273
Active participants168
Employer contributions$1,523,891
Employee contributions$2,451,435
Employer contribution per active participant$9,071
Average account balance$339,450
Benefits paid to participants$7,142,758
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$92.7M · 273 accts · $1.5M emplr
2023$87.9M · 271 accts · $1.4M emplr
2022$76.1M · 268 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$315,306
Total administrative$317,496
The Dimeo Construction Company 401(k) match · 2024
Employer contribution per active participant$9,071
Median for plans this size$3,635
2024$9,071 per active participant
2023$8,498 per active participant
2022$8,925 per active participant

Dimeo Construction Company's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20241
EDELMAN FINANCIAL ENGINES, LLC · Contract administrator · Recordkeeping$315,306

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

Recordkeeper by year2
2024EDELMAN FINANCIAL ENGINES, LLC
2023NEW ENGLAND PENSION PLAN SYSTEMS, L

This plan has changed recordkeepers within these filings. If you left Dimeo Construction Company 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$317,496 · 0.35%
2023$370,991 · 0.45%
2022$349,745 · 0.43%
Same employer
Similar plansConstruction · Rhode Island
Gilbane Inc. RI$1.0B · 0.06%
Esler Companies, LLC RI$85.0M · 0.43%
Corvias Group, LLC RI$55.6M · 0.31%
J.H. Lynch & Sons, Inc. RI$40.1M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050394406 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.