Plan Ledger DOL Form 5500 · updated monthly

Encore Holdings, LLC401(k)

ENCORE HOLDINGS, LLC 401(K) PLAN · PAWTUCKET, RI · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Encore Holdings, LLC reported $114,483 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,099 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 0.02% to 0.38%. 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 85th-largest of 286 plans among Rhode Island employers on file, and the 1,353rd of 5,337 in construction. In 2024, employees put in $3.56 for every $1.00 the employer contributed; active participation has grown from 525 to 1,141 since 2022.

Plan summary
Net assets, end of year$35,779,891
Participants with balances660
Active participants1,141
Employer contributions$1,253,705
Employee contributions$4,459,687
Employer contribution per active participant$1,099
Average account balance$54,212
Benefits paid to participants$3,014,750
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH AND BROWN
Plan history3
Yearassets · accounts · employer contribution
2024$35.8M · 660 accts · $1.3M emplr
2023$24.8M · 483 accts · $991K emplr
2022$15.0M · 317 accts · $380K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$114,483
Total administrative$114,483
The Encore Holdings, LLC 401(k) match · 2024
Employer contribution per active participant$1,099
Median for plans this size$2,416
2024$1,099 per active participant
2023$1,136 per active participant
2022$724 per active participant

Encore Holdings, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20242
FIDELITY INV INST OP · Loan processing$67,206
UBS FINANCIAL SERVICES · Investment advisory (plan)$47,276

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$114,483 · 0.38%
2023$3,306 · 0.02%
2022$2,366 · 0.02%
Same employer
Similar plansConstruction · Rhode Island
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 270867747 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.