Plan Ledger DOL Form 5500 · updated monthly

Halley Engineering Contractors, Inc.401(k)

HALLEY ENGINEERING CONTRACTORS, INC. 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Halley Engineering Contractors, Inc. reported $9,400 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,873 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 0.11% to 0.14%. 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 Florida (2,081st of 3,644), and 3,467th of 5,337 in construction. In 2024, employees put in $1.71 for every $1.00 the employer contributed; active participation has grown from 133 to 187 since 2022.

Plan summary
Net assets, end of year$7,533,286
Participants with balances128
Active participants187
Employer contributions$350,280
Employee contributions$598,072
Employer contribution per active participant$1,873
Average account balance$58,854
Benefits paid to participants$178,346
Plan auditUnmodified (clean) audit opinion
AuditorLEONARDO & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 128 accts · $350K emplr
2023$6.0M · 108 accts · $292K emplr
2022$4.6M · 98 accts · $249K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,400
Total administrative$9,400
The Halley Engineering Contractors, Inc. 401(k) match · 2024
Employer contribution per active participant$1,873
Median for plans this size$1,313
2024$1,873 per active participant
2023$1,827 per active participant
2022$1,876 per active participant

Halley Engineering Contractors, 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.

Administrative cost history3
2024$9,400 · 0.14%
2023$7,070 · 0.13%
2022$5,250 · 0.11%
Same employer
Similar plansConstruction · Florida
Rulon Company FL$7.7M · 0.03%
P & S Paving, Inc. FL$7.7M · 0.90%
McS of Tampa, Inc. FL$7.7M · 0.38%
Betacom Inc FL$7.5M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204804098 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.