Plan Ledger DOL Form 5500 · updated monthly

Horizontal Boring & Tunneling Co.401(k)

HORIZONTAL BORING & TUNNELING CO. CONTROLLED GROUP 401(K) PROFIT-SHARING PLAN & TRUST · EXETER, NE · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Horizontal Boring & Tunneling Co. reported $85,946 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $4,861 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.

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 227th-largest of 565 plans among Nebraska employers on file, and the 1,857th of 5,337 in construction. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,570,799
Participants with balances141
Active participants127
Employer contributions$617,295
Employee contributions$953,827
Employer contribution per active participant$4,861
Average account balance$160,077
Benefits paid to participants$1,528,695
Plan auditUnmodified (clean) audit opinion
AuditorSCHMIDTLEIN & ASSOCIATES, CPAS, PA
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,221
Investment management$72,725
Total administrative$85,946
The Horizontal Boring & Tunneling Co. 401(k) match · 2024
Employer contribution per active participant$4,861
Median for plans this size$2,416

Horizontal Boring & Tunneling Co.'s 2024 employer contribution ran above the $2,416 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 · 20242
LINCOLN CAPITAL LLC · Investment advisory (plan)$72,725
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$13,221

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

Administrative cost history1
2024$85,946 · 0.41%
Same employer
Similar plansConstruction · Nebraska
Landscapes Unlimited, LLC NE$34.5M · 0.28%
M.E. Collins Contracting NE$25.5M · 0.14%
Constructors, Inc. NE$24.6M · 0.08%
Road Safety Services Inc. NE$18.9M · 0.08%
Kidwell, Inc. NE$17.7M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470650041 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.