Plan Ledger DOL Form 5500 · updated monthly

Felix Construction Company401(k)

FELIX CONSTRUCTION COMPANY 401(K) RETIREMENT PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Felix Construction Company reported $85,205 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,876 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 0.22% to 0.60%. 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 445th-largest of 1,285 plans among Arizona employers on file, and the 2,479th of 5,337 in construction. In 2024, employees put in $1.31 for every $1.00 the employer contributed; active participation has grown from 211 to 290 since 2022.

Plan summary
Net assets, end of year$14,973,045
Participants with balances232
Active participants290
Employer contributions$834,107
Employee contributions$1,093,433
Employer contribution per active participant$2,876
Average account balance$64,539
Benefits paid to participants$1,595,687
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.0M · 232 accts · $834K emplr
2023$13.3M · 214 accts · $1.4M emplr
2022$10.0M · 239 accts · $713K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,101
Investment management$31,995
Total administrative$85,205
The Felix Construction Company 401(k) match · 2024
Employer contribution per active participant$2,876
Median for plans this size$2,416
2024$2,876 per active participant
2023$6,675 per active participant
2022$3,380 per active participant

Felix Construction Company's 2024 employer contribution ran above 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
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$58,104
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$27,101

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$85,205 · 0.60%
2023$16,261 · 0.14%
2022$23,564 · 0.22%
Same employer
Similar plansConstruction · Arizona
Wallcor Inc. AZ$14.5M · 0.69%
3-G Construction Co., Inc. AZ$14.1M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860577823 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.