East Coast Drilling and Blasting, Inc.ESOP
EAST COAST DRILLING AND BLASTING, INC. EMPLOYEE STOCK OWNERSHIP PLAN · LOUISBURG, NC · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
East Coast Drilling and Blasting, Inc. reported $50 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $14,073 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 rose from 0.000% to 0.000%. 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 580th-largest of 2,005 plans among North Carolina employers on file, and the 1,573rd of 5,337 in construction. active participation has grown from 134 to 175 since 2022.
East Coast Drilling and Blasting, Inc.'s 2024 employer contribution ran above the $2,416 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 161425971 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.