Plan Ledger DOL Form 5500 · updated monthly

Dn Tanks, LLC401(k)

DN TANKS RETIREMENT PLAN · WAKEFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Dn Tanks, LLC reported $129,838 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $11,533 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 0.07% to 0.12%. 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 388th-largest of 2,726 plans among Massachusetts employers on file, and the 539th of 5,337 in construction. In 2024, the employer put in $1.05 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$117,947,516
Participants with balances364
Active participants254
Employer contributions$2,929,289
Employee contributions$2,791,314
Employer contribution per active participant$11,533
Average account balance$324,032
Benefits paid to participants$6,494,422
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$117.9M · 364 accts · $2.9M emplr
2023$103.6M · 366 accts · $2.7M emplr
2022$86.9M · 360 accts · $2.4M emplr
The Dn Tanks, LLC 401(k) match · 2024
Employer contribution per active participant$11,533
Median for plans this size$3,635
2024$11,533 per active participant
2023$10,420 per active participant
2022$9,376 per active participant

Dn Tanks, LLC'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 · 20244
VANGUARD ADVISORS, INC · Investment advisory (participants) · Consulting$77,843
WELLS FARGO ADVISORS LLC · Consulting$51,995
PGIM INVESTMENTS LLCindirect comp
INVESCOindirect comp

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$129,838 · 0.12%
2023$92,193 · 0.10%
2022$62,101 · 0.07%
All plans at this employer2
DN TANKS RETIREMENT PLAN401(k)
THE CONTRACTORS RETIREMENT PLANProfit-sharing plan
Same employer
Similar plansConstruction · Massachusetts
The Middlesex Corporation MA$117.9M · 0.18%
Bond Brothers, Inc. MA$95.4M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844597957 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.