Plan Ledger DOL Form 5500 · updated monthly

Hays & Sons Construction, Inc.401(k)

HAYS & SONS CONSTRUCTION, INC. 401(K) PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Hays & Sons Construction, Inc. reported $42,238 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $736 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 0.48% 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 among the smaller plans on file in Indiana (1,034th of 1,562), and 3,526th of 5,337 in construction. In 2024, employees put in $7.48 for every $1.00 the employer contributed; active participation has grown from 124 to 139 since 2022.

Plan summary
Net assets, end of year$7,283,725
Participants with balances161
Active participants139
Employer contributions$102,239
Employee contributions$764,520
Employer contribution per active participant$736
Average account balance$45,241
Benefits paid to participants$354,615
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 161 accts · $102K emplr
2023$6.0M · 171 accts · $123K emplr
2022$4.7M · 181 accts · $95K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,238
Total administrative$42,238
The Hays & Sons Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$736
Median for plans this size$1,313
2024$736 per active participant
2023$880 per active participant
2022$766 per active participant

Hays & Sons Construction, Inc.'s 2024 employer contribution ran below 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.

Service providers · 20244
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$26,421
FUTUREPLAN BY ASCENSUS · Contract administrator$3,275
EMPOWER ADVISORY GROUP, LLC · Investment management$192

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$42,238 · 0.64%
2023$34,150 · 0.64%
2022$23,683 · 0.48%
Same employer
Similar plansConstruction · Indiana
Gemco Constructors, LLC IN$8.6M · 0.10%
Jack Laurie Floors, LLC IN$8.3M · 0.43%
Kinetic Advantage, LLC IN$7.4M · 0.91%
Inpwr, Inc. IN$5.9M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351755242 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.