Plan Ledger DOL Form 5500 · updated monthly

Glenn Thurman, Inc.401(k)

GLENN THURMAN, INC. 401(K) PROFIT SHARING PLAN · MESQUITE, TX · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Glenn Thurman, Inc. reported $24,672 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,761 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 0.24% to 0.28%. 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 Texas (3,128th of 5,688), and 3,162nd of 5,337 in construction. In 2024, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,519,032
Participants with balances225
Active participants235
Employer contributions$413,827
Employee contributions$630,231
Employer contribution per active participant$1,761
Average account balance$42,307
Benefits paid to participants$779,974
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 225 accts · $414K emplr
2023$8.4M · 221 accts · $372K emplr
2022$8.9M · 228 accts · $361K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,672
Total administrative$24,672
The Glenn Thurman, Inc. 401(k) match · 2024
Employer contribution per active participant$1,761
Median for plans this size$1,313
2024$1,761 per active participant
2023$1,675 per active participant
2022$1,651 per active participant

Glenn Thurman, Inc.'s 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$15,424
RETIREMENTPLANS.COM, LLC · Contract administrator$840

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$24,672 · 0.28%
2023$21,105 · 0.24%
2022$21,832 · 0.24%
Similar plansConstruction · Texas
Patriot Erectors, LLC TX$9.7M · 0.83%
Milestone Electric, Inc. TX$9.6M · 0.93%
Freedom Solar, LLC TX$9.5M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751395393 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.