Plan Ledger DOL Form 5500 · updated monthly

Fort Myer Construction Corporation401(k)

FORT MYER CONSTRUCTION CORPORATION 401(K) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Fort Myer Construction Corporation reported $81,617 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $5,007 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 0.26% to 0.35%. 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 296th-largest of 618 plans among District of Columbia employers on file, and the 1,784th of 5,337 in construction. In 2024, employees put in $1.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,110,476
Participants with balances301
Active participants272
Employer contributions$1,361,968
Employee contributions$1,511,942
Employer contribution per active participant$5,007
Average account balance$80,101
Benefits paid to participants$3,085,212
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$24.1M · 301 accts · $1.4M emplr
2023$22.0M · 299 accts · $1.2M emplr
2022$18.7M · 262 accts · $902K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,330
Investment management$29,287
Total administrative$81,617
The Fort Myer Construction Corporation 401(k) match · 2024
Employer contribution per active participant$5,007
Median for plans this size$2,416
2024$5,007 per active participant
2023$3,989 per active participant
2022$3,391 per active participant

Fort Myer Construction Corporation'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$38,554
NFP RETIREMENT INC · Investment advisory (plan)$29,280
CBIZ BENEFITS & INSURANCE SERVICES · Contract administrator · Other services$13,775
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect comp

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$81,617 · 0.35%
2023$58,975 · 0.29%
2022$55,170 · 0.26%
Same employer
Similar plansConstruction · District of Columbia
Joseph J. Magnolia, Inc. DC$41.4M · 0.28%
McN Build, Inc. DC$14.8M · 0.42%
Blackwood of Dc LLC DC$6.0M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540956585 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.