Plan Ledger DOL Form 5500 · updated monthly

Griffin Dewatering Corporation401(k)

GRIFFIN DEWATERING CORPORATION SAVINGS AND PROFIT SHARING RETIR · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Griffin Dewatering Corporation reported $42,120 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. Employer contributions averaged $2,473 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 0.56% to 0.53%. 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 (3,288th of 5,688), and 3,303rd of 5,337 in construction. In 2024, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,588,846
Participants with balances161
Active participants147
Employer contributions$363,566
Employee contributions$791,440
Employer contribution per active participant$2,473
Average account balance$53,347
Benefits paid to participants$1,042,536
Plan auditUnmodified (clean) audit opinion
AuditorHAM LANGSTON & BREZINA L.L.P.
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 161 accts · $364K emplr
2023$7.4M · 162 accts · $338K emplr
2022$6.0M · 153 accts · $282K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,253
Investment management$15,867
Total administrative$42,120
The Griffin Dewatering Corporation 401(k) match · 2024
Employer contribution per active participant$2,473
Median for plans this size$1,313
2024$2,473 per active participant
2023$2,178 per active participant
2022$1,761 per active participant

Griffin Dewatering 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
ADP, INC. · Loan processing · Recordkeeping$26,253
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$15,867
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$42,120 · 0.53%
2023$36,050 · 0.53%
2022$37,445 · 0.56%
Same employer
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Max Grigsby Company, Inc. TX$8.8M · 0.06%
Ftc Solar, Inc. TX$8.8M · 0.07%
Tri Dal, LLC TX$8.6M · 0.24%
Troy Construction, LLC TX$8.5M · 1.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630826062 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.