First Rate Excavate, Inc.ESOP
FIRST RATE EXCAVATE INC. EMPLOYEE STOCK OWNERSHIP PLAN · SIOUX FALLS, SD · plan year 2023
First Rate Excavate, Inc. reported $68,980 in plan administrative expenses for 2023: 1.93% of average plan assets, higher than ~90% of peers. 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 1.54% to 1.89%. 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 South Dakota (202nd of 233), and 4,280th of 5,337 in construction.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 460366927 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.