Plan Ledger DOL Form 5500 · updated monthly

Everus Construction Group, Inc.401(k) + ESOP (KSOP)

EVERUS 401(K) PLAN · BISMARCK, ND · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Everus Construction Group, Inc. reported $52,949 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,681 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.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 20th-largest of 279 plans among North Dakota employers on file, and the 353rd of 5,337 in construction. In 2024, the employer put in $1.13 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$194,545,051
Participants with balances1,835
Active participants1,603
Employer contributions$4,297,036
Employee contributions$3,796,618
Employer contribution per active participant$2,681
Average account balance$106,019
Benefits paid to participants$4,576,736
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,929
Investment management$14,020
Total administrative$52,949
The Everus Construction Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,681
Median for plans this size$3,635

Everus Construction Group, Inc.'s 2024 employer contribution ran below the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Recordkeeping$38,929
EDELMAN FINANCIAL ENGINES, LLC · Investment advisory (participants)$14,020

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

Administrative cost history1
2024$52,949 · 0.03%
Same employer
Similar plansConstruction · North Dakota
Knife River Corporation ND$964.2M · 0.11%
Fisher Sand & Gravel Co. ND$84.2M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 991952207 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.