Plan Ledger DOL Form 5500 · updated monthly

Gardiner Service Company401(k)

GARDINER SERVICE COMPANY PROFIT SHARING & SAVINGS PLAN · SOLON, OH · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Gardiner Service Company reported $24,728 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,793 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 0.08% to 0.06%. 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 786th-largest of 3,295 plans among Ohio employers on file, and the 1,259th of 5,337 in construction. In 2024, employees put in $1.77 for every $1.00 the employer contributed; active participation has grown from 223 to 256 since 2022.

Plan summary
Net assets, end of year$39,123,794
Participants with balances295
Active participants256
Employer contributions$1,226,947
Employee contributions$2,176,013
Employer contribution per active participant$4,793
Average account balance$132,623
Benefits paid to participants$8,003,163
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.1M · 295 accts · $1.2M emplr
2023$38.3M · 278 accts · $1.2M emplr
2022$34.0M · 267 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,090
Investment management$17,638
Total administrative$24,728
The Gardiner Service Company 401(k) match · 2024
Employer contribution per active participant$4,793
Median for plans this size$2,416
2024$4,793 per active participant
2023$5,229 per active participant
2022$5,252 per active participant

Gardiner Service 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 · 20242
ANCORA RETIREMENT PLAN ADVISORS · Investment advisory (plan)$17,638
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$7,219

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$24,728 · 0.06%
2023$26,058 · 0.07%
2022$29,920 · 0.08%
Same employer
Similar plansConstruction · Ohio
Champion Opco, LLC OH$41.3M · 0.50%
Jhi Group Inc. OH$37.3M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340901876 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.