Plan Ledger DOL Form 5500 · updated monthly

Ford Construction Company401(k)

FORD CONSTRUCTION COMPANY PROFIT SHARING PLAN · DYERSBURG, TN · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Ford Construction Company reported $57,272 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $4,734 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 3 years on file its reported administrative ratio has held roughly steady near 0.43%. 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 702nd-largest of 1,496 plans among Tennessee employers on file, and the 2,569th of 5,337 in construction. In 2024, the employer put in $1.85 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$14,155,637
Participants with balances216
Active participants184
Employer contributions$871,000
Employee contributions$471,756
Employer contribution per active participant$4,734
Average account balance$65,535
Benefits paid to participants$980,202
Plan auditUnmodified (clean) audit opinion
AuditorALEXANDER THOMPSON ARNOLD PC
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 216 accts · $871K emplr
2023$12.3M · 218 accts · $637K emplr
2022$10.9M · 232 accts · $424K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,745
Audit (IQPA)$8,500
Total administrative$57,272
The Ford Construction Company 401(k) match · 2024
Employer contribution per active participant$4,734
Median for plans this size$2,416
2024$4,734 per active participant
2023$3,406 per active participant
2022$2,099 per active participant

Ford Construction Company's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20243
JULY BUSINESS SERVICES LLC · Recordkeeping · Pension consulting$5,745
FIRST HORIZON BANK, NA · Trustee$43,027
ALEXANDER THOMPSON ARNOLD PC · Accounting / audit$8,500

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

Recordkeeper by year2
2024July Business Services
2023ACUFF & ASSOCIATES, INC.

This plan has changed recordkeepers within these filings. If you left Ford Construction Company before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$57,272 · 0.43%
2023$50,245 · 0.43%
2022$50,096 · 0.42%
Same employer
Similar plansConstruction · Tennessee
Jones Bros Contractors, LLC TN$17.7M · 0.92%
Summers-Taylor, Inc TN$16.5M · 0.19%
31-W Insulation Co., Inc. TN$13.7M · 0.08%
Enterprise Electric, LLC TN$12.1M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620537961 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.