Plan Ledger DOL Form 5500 · updated monthly

Equity Construction Solutions401(k)

EQUITY 401(K) PLAN · HILLIARD, OH · plan year 2023

Reported admin expense ratio · 2023
0.80%

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

Equity Construction Solutions reported $35,622 in plan administrative expenses for 2023: 0.80% of average plan assets, above the peer median. Employer contributions averaged $2,233 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 0.71% to 0.76%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Ohio (2,562nd of 3,295), and 4,023rd of 5,337 in construction. In 2023, employees put in $3.25 for every $1.00 the employer contributed; active participation has shrunk from 94 to 82 since 2022.

Plan summary
Net assets, end of year$4,859,814
Participants with balances126
Active participants82
Employer contributions$183,066
Employee contributions$594,372
Employer contribution per active participant$2,233
Average account balance$38,570
Benefits paid to participants$802,521
Plan auditUnmodified (clean) audit opinion
AuditorBHM CPA GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 121 accts · $121K emplr
2023$4.9M · 126 accts · $183K emplr
2022$4.0M · 130 accts · $102K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,338
Investment management$16,284
Total administrative$35,622
The Equity Construction Solutions 401(k) match · 2023
Employer contribution per active participant$2,233
Median for plans this size$1,308
2024$1,533 per active participant
2023$2,233 per active participant
2022$1,083 per active participant

Equity Construction Solutions's 2023 employer contribution ran above the $1,308 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
ASCENSUS LLC · Loan processing · Recordkeeping$19,338
EVERHART ADVISORS · Investment advisory (plan)$16,284

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$35,941 · 0.76%
2023$35,622 · 0.80%
2022$31,577 · 0.71%
Similar plansConstruction · Ohio
Reddy Electric Company OH$5.1M · 0.51%
Jwd Construction Services OH$4.9M · 0.52%
Homewood Corporation OH$4.5M · 0.51%
Sexton Industrial, Inc. OH$4.2M · 0.06%
Siteworx OH$4.1M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311296257 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.