Plan Ledger DOL Form 5500 · updated monthly

Franjo Construction Corporation401(k)

FRANJO CONSTRUCTION RETIREMENT PLAN · HOMESTEAD, PA · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Franjo Construction Corporation reported $78,206 in plan administrative expenses for 2024: 0.79% of average plan assets, above the peer median. Employer contributions averaged $2,602 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 0.73% to 0.79%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Pennsylvania (2,254th of 3,651), and 3,040th of 5,337 in construction. In 2024, employees put in $1.14 for every $1.00 the employer contributed; active participation has grown from 110 to 144 since 2022.

Plan summary
Net assets, end of year$10,375,408
Participants with balances205
Active participants144
Employer contributions$374,636
Employee contributions$426,575
Employer contribution per active participant$2,602
Average account balance$50,612
Benefits paid to participants$1,175,766
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 205 accts · $375K emplr
2023$9.4M · 233 accts · $339K emplr
2022$7.6M · 224 accts · $270K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,206
Total administrative$78,206
The Franjo Construction Corporation 401(k) match · 2024
Employer contribution per active participant$2,602
Median for plans this size$1,313
2024$2,602 per active participant
2023$2,804 per active participant
2022$2,457 per active participant

Franjo Construction Corporation's 2024 employer contribution ran above the $1,313 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
CONFLUENCE WEALTH SERVICES · Investment advisory (plan)$35,000
DUNBAR BENDER & ZAPF INC · Contract administrator$16,320

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$78,206 · 0.79%
2023$59,188 · 0.70%
2022$61,970 · 0.73%
Similar plansConstruction · Pennsylvania
Blair Image Elements PA$11.7M · 0.25%
Hannabery Electric, Inc. PA$11.3M · 0.35%
Youngblood Paving, Inc. PA$10.5M · 0.49%
Bazella Works PA$9.7M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232880447 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.