Plan Ledger DOL Form 5500 · updated monthly

E.M. Duggan, Inc.401(k)

E.M. DUGGAN, INC. RETIREMENT PLAN · CANTON, MA · plan year 2023

Reported admin expense ratio · 2023
0.31%

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

E.M. Duggan, Inc. reported $49,372 in plan administrative expenses for 2023: 0.31% of average plan assets, above the peer median. Employer contributions averaged $3,052 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 1 year on file its reported administrative ratio fell from 0.60% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Massachusetts (1,391st of 2,726), and the 2,155th of 5,337 in construction. In 2023, employees put in $3.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,328,104
Participants with balances165
Active participants120
Employer contributions$366,266
Employee contributions$1,322,581
Employer contribution per active participant$3,052
Average account balance$111,079
Benefits paid to participants$1,527,405
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$18.3M · 165 accts · $366K emplr
2022$13.1M · 117 accts · $302K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$25,794
Total administrative$49,372
The E.M. Duggan, Inc. 401(k) match · 2023
Employer contribution per active participant$3,052
Median for plans this size$2,440
2023$3,052 per active participant
2022$2,668 per active participant

E.M. Duggan, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$25,944
CAPFINANCIAL PARTNERS, LLC · Investment advisory (participants)$23,577

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

Administrative cost history2
2023$49,372 · 0.31%
2022$71,641 · 0.60%
Same employer
Similar plansConstruction · Massachusetts
Lorusso Corporation MA$21.1M · 0.01%
E. Amanti & Sons, Inc. MA$19.9M · 0.38%
Thomas G. Gallagher, Inc. MA$19.4M · 0.21%
Fernandes Masonry, Inc. MA$18.2M · 0.32%
J. Derenzo Co. MA$17.2M · 0.30%
Plumb House, Inc. MA$16.8M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042432734 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.