Plan Ledger DOL Form 5500 · updated monthly

Hourigan Construction Corp.401(k)

HOURIGAN CONSTRUCTION CORP. 401(K) PLAN · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Hourigan Construction Corp. reported $94,474 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $3,619 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 3 years on file its reported administrative ratio has held roughly steady near 0.333%. 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 742nd-largest of 2,266 plans among Virginia employers on file, and the 1,529th of 5,337 in construction. In 2024, employees put in $2.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,969,755
Participants with balances233
Active participants229
Employer contributions$828,653
Employee contributions$2,012,983
Employer contribution per active participant$3,619
Average account balance$128,626
Benefits paid to participants$4,111,766
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.0M · 233 accts · $829K emplr
2023$26.8M · 230 accts · $752K emplr
2022$22.3M · 233 accts · $770K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,559
Investment management$28,915
Total administrative$94,474
The Hourigan Construction Corp. 401(k) match · 2024
Employer contribution per active participant$3,619
Median for plans this size$2,416
2024$3,619 per active participant
2023$3,374 per active participant
2022$3,517 per active participant

Hourigan Construction Corp.'s 2024 employer contribution ran above the $2,416 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 · 20243
ASCENSUS · Recordkeeping$43,750
NEWPORT GROUP, INC. · Recordkeeping · Loan processing$20,129
FIRST CITIZENS BANK & TRUST · Investment advisory (plan)$28,915

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

Recordkeeper by year2
2024Ascensus, Newport (Ascensus)
2023Newport (Ascensus)

This plan has changed recordkeepers within these filings. If you left Hourigan Construction Corp. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$94,474 · 0.33%
2023$81,457 · 0.33%
2022$82,985 · 0.33%
Same employer
Similar plansConstruction · Virginia
Ahp Holding, Inc. VA$34.5M · 0.22%
Kbs, Inc. VA$33.7M · 0.35%
Waco, Inc. VA$27.6M · 0.24%
C. J. Coakley Co., Inc. VA$25.3M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540852016 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.