Plan Ledger DOL Form 5500 · updated monthly

Holland Roofing, Inc.401(k)

HOLLAND ROOFING, INC. 401(K) PLAN · FLORENCE, KY · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Holland Roofing, Inc. reported $3,349 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $609 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 0.03% to 0.04%. 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 Kentucky (491st of 871), and 3,177th of 5,337 in construction. In 2024, employees put in $4.26 for every $1.00 the employer contributed; active participation has grown from 267 to 332 since 2022.

Plan summary
Net assets, end of year$9,438,349
Participants with balances163
Active participants332
Employer contributions$202,287
Employee contributions$862,381
Employer contribution per active participant$609
Average account balance$57,904
Benefits paid to participants$1,948,561
Plan auditUnmodified (clean) audit opinion
AuditorMUNNINGHOFF, LANGE AND CO
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 163 accts · $202K emplr
2023$9.3M · 146 accts · $217K emplr
2022$7.8M · 145 accts · $187K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,713
Investment management$1,636
Total administrative$3,349
The Holland Roofing, Inc. 401(k) match · 2024
Employer contribution per active participant$609
Median for plans this size$1,313
2024$609 per active participant
2023$821 per active participant
2022$702 per active participant

Holland Roofing, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,713

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$3,349 · 0.04%
2023$2,728 · 0.03%
2022$2,124 · 0.03%
Same employer
Similar plansConstruction · Kentucky
Arrow Electric Co., Inc. KY$9.9M · 0.23%
Cleary Construction, Inc. KY$9.5M · 0.44%
Paul Hemmer Company KY$9.4M · 0.48%
Buffalo Construction Inc KY$8.9M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311551993 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.