Plan Ledger DOL Form 5500 · updated monthly

Kast Construction Company, LLC401(k)

KAST CONSTRUCTION AND GRIT CONSTRUCTION SERVICES 401(K) PLAN · WEST PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Kast Construction Company, LLC reported $86,210 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $6,108 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 0.46% to 0.29%. 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 the 790th-largest of 3,644 plans among Florida employers on file, and the 1,489th of 5,337 in construction. In 2024, employees put in $1.51 for every $1.00 the employer contributed; active participation has shrunk from 310 to 233 since 2022.

Plan summary
Net assets, end of year$31,239,656
Participants with balances237
Active participants233
Employer contributions$1,423,173
Employee contributions$2,154,985
Employer contribution per active participant$6,108
Average account balance$131,813
Benefits paid to participants$3,374,419
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.2M · 237 accts · $1.4M emplr
2023$27.3M · 271 accts · $1.7M emplr
2022$22.8M · 247 accts · $968K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,175
Investment management$43,035
Total administrative$86,210
The Kast Construction Company, LLC 401(k) match · 2024
Employer contribution per active participant$6,108
Median for plans this size$2,416
2024$6,108 per active participant
2023$5,812 per active participant
2022$3,123 per active participant

Kast Construction Company, LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$43,175
LPL FINANCIAL LLC · Investment advisory (plan)$43,035

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

Administrative cost history3
2024$86,210 · 0.29%
2023$129,033 · 0.52%
2022$108,970 · 0.46%
Similar plansConstruction · Florida
Lsp Holdco LLC FL$35.2M · 0.56%
Apg Electric, Inc FL$33.2M · 0.03%
Oec USA, Inc. FL$29.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980456507 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.