Plan Ledger DOL Form 5500 · updated monthly

Flatiron Constructors, Inc.401(k)

FLATIRON NON-UNION HOURLY EMPLOYEES' 401(K) PLAN · BROOMFIELD, CO · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Flatiron Constructors, Inc. reported $47,233 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $3,422 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 fell from 0.59% to 0.31%. 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 608th-largest of 1,461 plans among Colorado employers on file, and the 2,322nd of 5,337 in construction. In 2024, the employer put in $2.17 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$16,326,118
Participants with balances1,156
Active participants690
Employer contributions$2,361,147
Employee contributions$1,088,401
Employer contribution per active participant$3,422
Average account balance$14,123
Benefits paid to participants$2,742,778
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.3M · 1,156 accts · $2.4M emplr
2023$13.8M · 1,291 accts · $2.3M emplr
2022$10.7M · 1,109 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,308
Investment management$3,925
Total administrative$47,233
The Flatiron Constructors, Inc. 401(k) match · 2024
Employer contribution per active participant$3,422
Median for plans this size$2,416
2024$3,422 per active participant
2023$2,765 per active participant
2022$3,117 per active participant

Flatiron Constructors, Inc.'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$43,308

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$47,233 · 0.31%
2023$65,459 · 0.53%
2022$67,298 · 0.59%
Similar plansConstruction · Colorado
Greiner Electric, LLC CO$18.1M · 0.24%
Milender White, Inc. CO$16.6M · 0.48%
Gallegos Masonry, Inc. CO$15.9M · 0.07%
Moltz Construction, Inc. CO$15.9M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841245002 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.