Plan Ledger DOL Form 5500 · updated monthly

Grunley Construction, Inc.401(k)

GRUNLEY CONSTRUCTION, INC. 401(K) PS PLAN · ROCKVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Grunley Construction, Inc. reported $60,926 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $3,504 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 0.16% to 0.14%. 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 339th-largest of 1,671 plans among Maryland employers on file, and the 1,091st of 5,337 in construction. In 2024, employees put in $2.98 for every $1.00 the employer contributed; active participation has grown from 267 to 296 since 2022.

Plan summary
Net assets, end of year$47,320,747
Participants with balances400
Active participants296
Employer contributions$1,037,239
Employee contributions$3,090,624
Employer contribution per active participant$3,504
Average account balance$118,302
Benefits paid to participants$1,618,881
Plan auditUnmodified (clean) audit opinion
AuditorELLIN AND TUCKER
Plan history3
Yearassets · accounts · employer contribution
2024$47.3M · 400 accts · $1.0M emplr
2023$39.6M · 409 accts · $951K emplr
2022$31.8M · 379 accts · $810K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,926
Investment management$20,000
Total administrative$60,926
The Grunley Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$3,504
Median for plans this size$2,416
2024$3,504 per active participant
2023$3,148 per active participant
2022$3,033 per active participant

Grunley Construction, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$40,926
KESTRA ADVISORY SERVICES. · Investment advisory (plan)$20,000

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$60,926 · 0.14%
2023$57,441 · 0.16%
2022$56,086 · 0.16%
Same employer
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Shapiro & Duncan Inc. MD$53.8M · 0.15%
Havtech Investments LLC MD$52.8M · 0.16%
Drb Enterprises, LLC MD$49.7M · 0.40%
Daniel G. Schuster, LLC MD$40.1M · 0.25%
McLean Contracting Company MD$39.4M · 0.05%
Delaware Elevator, Inc. MD$37.0M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521577562 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.