Plan Ledger DOL Form 5500 · updated monthly

Jrc Mechanical, LLC401(k)

JRC MECHANICAL, LLC 401(K) PLAN · CHESAPEAKE, VA · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Jrc Mechanical, LLC reported $14,027 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $237 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 0.52%. 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 Virginia (2,008th of 2,266), and 4,568th of 5,337 in construction. In 2024, employees put in $7.19 for every $1.00 the employer contributed; active participation has shrunk from 237 to 151 since 2022.

Plan summary
Net assets, end of year$2,861,930
Participants with balances152
Active participants151
Employer contributions$35,812
Employee contributions$257,649
Employer contribution per active participant$237
Average account balance$18,828
Benefits paid to participants$387,490
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.9M · 152 accts · $36K emplr
2023$2.6M · 159 accts · $41K emplr
2022$2.3M · 174 accts · $45K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,027
Total administrative$14,027
The Jrc Mechanical, LLC 401(k) match · 2024
Employer contribution per active participant$237
Median for plans this size$1,313
2024$237 per active participant
2023$192 per active participant
2022$188 per active participant

Jrc Mechanical, LLC's 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024$14,027 · 0.52%
2023$12,756 · 0.53%
2022$11,870 · 0.51%
Similar plansConstruction · Virginia
Haymes Brothers, Inc. VA$3.0M · 0.36%
Office Remedies, Inc. VA$2.1M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475288363 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.