Plan Ledger DOL Form 5500 · updated monthly

Franz Construction, Inc.Profit-sharing plan

FRANZ CONSTRUCTION, INC. RETIREMENT PLAN · SIDNEY, MT · plan year 2023

Reported admin expense ratio · 2023
0.89%

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

Franz Construction, Inc. reported $73,941 in plan administrative expenses for 2023: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,396 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 0.83% to 1.01%. 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 Montana (133rd of 229), and 3,251st of 5,337 in construction.

Plan summary
Net assets, end of year$8,915,302
Participants with balances153
Active participants42
Employer contributions$58,646
Employee contributions—
Employer contribution per active participant$1,396
Average account balance$58,270
Benefits paid to participants$606,336
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 153 accts · $12K emplr
2023$8.9M · 153 accts · $59K emplr
2022$7.8M · 153 accts · $45K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$34,525
Investment management$26,466
Total administrative$73,941
Employer contributions to the Franz Construction, Inc. plan · 2023
Employer contribution per active participant$1,396
Median for plans this size$1,308
2024$293 per active participant
2023$1,396 per active participant
2022$1,006 per active participant

Franz Construction, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$34,525
EDWARD JONES & CO, LP · Investment advisory (participants)$24,759
WILSHIRE ASSOCIATES INC (USA) · Investment advisory (participants)$1,707

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$85,983 · 1.01%
2023$73,941 · 0.89%
2022$63,700 · 0.83%
Similar plansConstruction · Montana
Sbc, Inc. MT$12.7M · 0.61%
Martel Construction, Inc. MT$12.1M · 0.64%
Swank Enterprises Inc MT$5.9M · 1.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810419247 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.