Plan Ledger DOL Form 5500 · updated monthly

Goodwill Industrial ServicesMoney purchase plan

THE CONTRACTORS RETIREMENT PLAN · COLORADO SPRINGS, CO · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Goodwill Industrial Services reported $14,000 in plan administrative expenses for 2024: 0.47% of average plan assets, below the peer median. Employer contributions averaged $2,657 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 0.61% to 0.47%. 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 Colorado (1,172nd of 1,461), and 4,449th of 5,337 in construction. active participation has grown from 166 to 188 since 2022.

Plan summary
Net assets, end of year$3,284,869
Participants with balances397
Active participants188
Employer contributions$499,440
Employee contributions—
Employer contribution per active participant$2,657
Average account balance$8,274
Benefits paid to participants$246,451
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.3M · 397 accts · $499K emplr
2023$2.7M · 387 accts · $456K emplr
2022$2.2M · 384 accts · $641K emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$14,000
Total administrative$14,000
Employer contributions to the Goodwill Industrial Services plan · 2024
Employer contribution per active participant$2,657
Median for plans this size$1,313
2024$2,657 per active participant
2023$2,340 per active participant
2022$3,864 per active participant

Goodwill Industrial Services'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.

Administrative cost history3
2024$14,000 · 0.47%
2023$14,000 · 0.57%
2022$14,000 · 0.61%
Similar plansConstruction · Colorado
Wayne's Electric CO$3.7M · 0.39%
E-Z Excavating, Inc. CO$3.6M · 1.77%
Custom Leasing Inc. CO$3.1M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841273701 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.