Plan Ledger DOL Form 5500 · updated monthly

Jdp Electric, Inc.401(k)

JDP ELECTRIC, INC. 401(K) PLAN · FARGO, ND · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Jdp Electric, Inc. reported $26,623 in plan administrative expenses for 2024: 0.32% of average plan assets, below the peer median. Employer contributions averaged $1,786 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 0.40% to 0.32%. 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 North Dakota (187th of 279), and 3,180th of 5,337 in construction. In 2024, employees put in $2.99 for every $1.00 the employer contributed; active participation has grown from 139 to 157 since 2022.

Plan summary
Net assets, end of year$9,413,826
Participants with balances154
Active participants157
Employer contributions$280,463
Employee contributions$839,690
Employer contribution per active participant$1,786
Average account balance$61,129
Benefits paid to participants$318,918
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 154 accts · $280K emplr
2023$7.5M · 143 accts · $257K emplr
2022$5.8M · 139 accts · $235K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,623
Total administrative$26,623
The Jdp Electric, Inc. 401(k) match · 2024
Employer contribution per active participant$1,786
Median for plans this size$1,313
2024$1,786 per active participant
2023$1,848 per active participant
2022$1,689 per active participant

Jdp Electric, Inc.'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.

Service providers · 20241
BELL BANK · Recordkeeping · Trustee$26,623

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

Recordkeeper by year2
2024BELL BANK
2023BELL BANK

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Administrative cost history3
2024$26,623 · 0.32%
2023$22,396 · 0.34%
2022$23,985 · 0.40%
Similar plansConstruction · North Dakota
Magnum Electric, Inc. ND$13.4M · 0.31%
Martin Construction, Inc. ND$11.9M · 0.78%
Pkg Contracting Inc. ND$7.3M · 0.47%
Vector Construction, Inc. ND$7.1M · 0.79%
Enclave Construction, LLC ND$6.4M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450426706 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.