Plan Ledger DOL Form 5500 · updated monthly

James River Air Conditioning Company401(k)

JAMES RIVER AIR CONDITIONING COMPANY 401(K) PROFIT SHARING PLAN · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

James River Air Conditioning Company reported $70,324 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,024 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 0.56% to 0.49%. 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 among the smaller plans on file in Virginia (1,170th of 2,266), and the 2,443rd of 5,337 in construction. In 2024, employees put in $4.12 for every $1.00 the employer contributed; active participation has grown from 137 to 171 since 2022.

Plan summary
Net assets, end of year$15,216,873
Participants with balances153
Active participants171
Employer contributions$175,083
Employee contributions$720,911
Employer contribution per active participant$1,024
Average account balance$99,457
Benefits paid to participants$1,240,599
Plan auditUnmodified (clean) audit opinion
AuditorADAMS, JENKINS, & CHEATHAM
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 153 accts · $175K emplr
2023$13.7M · 152 accts · $164K emplr
2022$11.4M · 149 accts · $160K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,348
Investment management$51,976
Total administrative$70,324
The James River Air Conditioning Company 401(k) match · 2024
Employer contribution per active participant$1,024
Median for plans this size$2,416
2024$1,024 per active participant
2023$1,047 per active participant
2022$1,169 per active participant

James River Air Conditioning Company's 2024 employer contribution ran below the $2,416 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 · 20244
NEWPORT GROUP, INC. · Recordkeeping$18,347
BENEFIT FIDUCIARY GROUP LLC · Investment advisory (plan)$35,337
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment advisory (plan)$11,215
LEWIS WEALTH PARTNERS · Investment advisory (plan)$5,424

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

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

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$70,324 · 0.49%
2023$65,739 · 0.52%
2022$69,117 · 0.56%
Same employer
Similar plansConstruction · Virginia
C.W. Strittmatter, Inc. VA$16.2M · 0.48%
Bowa Builders, Inc. VA$16.0M · 0.48%
Nycom, Inc. VA$15.5M · 0.01%
Lanford Brothers Company VA$15.3M · 0.00%
Terratest, Inc. VA$14.5M · 0.40%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 540835022 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.