Plan Ledger DOL Form 5500 · updated monthly

Hughes Brothers Construction Inc401(k)

HUGHES BROTHERS CONSTRUCTION, INC. 401(K) PLAN · WILDWOOD, FL · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Hughes Brothers Construction Inc reported $6,236 in plan administrative expenses for 2024: 0.43% of average plan assets, below the peer median. Employer contributions averaged $763 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 0.23% to 0.43%. 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 Florida (3,161st of 3,644), and 4,887th of 5,337 in construction. In 2024, employees put in $2.10 for every $1.00 the employer contributed; active participation has grown from 215 to 290 since 2022.

Plan summary
Net assets, end of year$1,797,573
Participants with balances135
Active participants290
Employer contributions$221,380
Employee contributions$465,270
Employer contribution per active participant$763
Average account balance$13,315
Benefits paid to participants$155,589
Plan auditUnmodified (clean) audit opinion
AuditorNICHOLS, CAULEY & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$1.8M · 135 accts · $221K emplr
2023$1.1M · 136 accts · $224K emplr
2022$371K · 132 accts · $121K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,236
Total administrative$6,236
The Hughes Brothers Construction Inc 401(k) match · 2024
Employer contribution per active participant$763
Median for plans this size$1,313
2024$763 per active participant
2023$809 per active participant
2022$563 per active participant

Hughes Brothers 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.

Administrative cost history3
2024$6,236 · 0.43%
2023$5,615 · 0.77%
2022$850 · 0.23%
Same employer
Similar plansConstruction · Florida
Csci, LLC 401(K) Plan FL$1.9M · 1.06%
Q.G.S. Development, Inc. FL$1.6M · 1.71%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 300715911 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.