Plan Ledger DOL Form 5500 · updated monthly

Indy Connection Electrical Contractors401(k)

INDY CONNECTION ELECTRICAL CONTRACTORS 401(K) PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Indy Connection Electrical Contractors reported $10,966 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $1,353 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 fell from 1.49% to 0.57%. 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 (1,381st of 1,562), and 4,760th of 5,337 in construction. In 2024, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,204,108
Participants with balances157
Active participants153
Employer contributions$207,017
Employee contributions$329,706
Employer contribution per active participant$1,353
Average account balance$14,039
Benefits paid to participants$169,237
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.2M · 157 accts · $207K emplr
2023$1.6M · 147 accts · $166K emplr
2022$881K · 137 accts · $96K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,966
Total administrative$10,966
The Indy Connection Electrical Contractors 401(k) match · 2024
Employer contribution per active participant$1,353
Median for plans this size$1,313
2024$1,353 per active participant
2023$1,188 per active participant
2022$634 per active participant

Indy Connection Electrical Contractors's 2024 employer contribution ran above 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$10,966 · 0.57%
2023$7,283 · 0.58%
2022$12,836 · 1.49%
Similar plansConstruction · Indiana
Jdh Contracting, Inc. IN$3.4M · 0.05%
Ragle Incorporated IN$3.1M · 0.59%
Cobalt Civil, LLC IN$2.7M · 0.16%
Weihe Construction Inc IN$1.8M · 1.09%
Rochester Homes, Inc. IN$1.7M · 2.02%
Pools of Fun, Inc. IN$892K · 0.18%
Wagler Custom Homes LLC IN$400K · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352109352 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.