Plan Ledger DOL Form 5500 · updated monthly

English Construction Company, Inc.401(k)

THE COMPANY PROFIT SHARING PLAN OF ENGLISH CONSTRUCTION CO. · LYNCHBURG, VA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

English Construction Company, Inc. reported $121,406 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,375 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 3 years on file its reported administrative ratio has held roughly steady near 0.34%. 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 619th-largest of 2,266 plans among Virginia employers on file, and the 1,298th of 5,337 in construction. In 2024, employees put in $2.23 for every $1.00 the employer contributed; active participation has grown from 383 to 424 since 2022.

Plan summary
Net assets, end of year$37,488,809
Participants with balances566
Active participants424
Employer contributions$582,905
Employee contributions$1,301,520
Employer contribution per active participant$1,375
Average account balance$66,235
Benefits paid to participants$2,406,824
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$37.5M · 566 accts · $583K emplr
2023$33.3M · 566 accts · $504K emplr
2022$28.5M · 567 accts · $484K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,661
Investment management$67,490
Audit (IQPA)$12,255
Total administrative$121,406
The English Construction Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,375
Median for plans this size$2,416
2024$1,375 per active participant
2023$1,347 per active participant
2022$1,265 per active participant

English Construction Company, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NEWPORT GROUP, INC. · Recordkeeping · Consulting$34,401
RAYMOND JAMES AND ASSOCIATES, INC. · Investment advisory (plan)$63,714

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$121,406 · 0.34%
2023$111,966 · 0.36%
2022$116,580 · 0.35%
Same employer
Similar plansConstruction · Virginia
S.W. Rodgers Company, Inc. VA$42.9M · 0.16%
Shockey Companies VA$41.8M · 0.00%
Adams Construction Company VA$41.4M · 0.43%
Atlantic Constructors, Inc. VA$35.8M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540472783 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.