Plan Ledger DOL Form 5500 · updated monthly

Hawkins Construction, Inc.Profit-sharing plan

HAWKINS CONSTRUCTION INC PROFIT SHARING PLAN · TARPON SPRINGS, FL · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Hawkins Construction, Inc. reported $56,844 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $3,016 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 0.38% to 0.64%. 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 the 1,809th-largest of 3,644 plans among Florida employers on file, and 3,128th of 5,337 in construction. In 2024, employees put in $2.93 for every $1.00 the employer contributed; active participation has shrunk from 86 to 75 since 2022.

Plan summary
Net assets, end of year$9,721,263
Participants with balances110
Active participants75
Employer contributions$226,228
Employee contributions$663,881
Employer contribution per active participant$3,016
Average account balance$88,375
Benefits paid to participants$258,080
Plan auditUnmodified (clean) audit opinion
AuditorRIVERO, GORDIMER & COMPANY, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 110 accts · $226K emplr
2023$8.1M · 110 accts · $231K emplr
2022$6.1M · 114 accts · $242K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,946
Investment management$32,898
Total administrative$56,844
Employer contributions to the Hawkins Construction, Inc. plan · 2024
Employer contribution per active participant$3,016
Median for plans this size$1,313
2024$3,016 per active participant
2023$3,004 per active participant
2022$2,810 per active participant

Hawkins Construction, Inc.'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
MORGAN STANLEY · Investment advisory (plan)$32,898
VOYA RETIREMENT INS ANN CO · Investment advisory (participants)$18,591
FLORIDA RETIREMENT CONSULTANTS · Other services$5,355

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$56,844 · 0.64%
2023$61,293 · 0.86%
2022$29,591 · 0.38%
Similar plansConstruction · Florida
Duval Asphalt Products FL$10.4M · 0.55%
Landsouth Construction, LLC FL$10.4M · 0.76%
High Reach Company, LLC FL$10.1M · 0.57%
Meisner Electric, Inc. FL$9.4M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591579596 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.