Plan Ledger DOL Form 5500 · updated monthly

Kr Contracting, Inc.401(k)

KR CONTRACTING, INC. 401(K) PLAN · MCLEAN, VA · plan year 2024

Reported admin expense ratio · 2024
1.24%

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

Kr Contracting, Inc. reported $125,470 in plan administrative expenses for 2024: 1.24% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,718 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 1.56% to 1.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Virginia (1,409th of 2,266), and the 956th of 2,534 in administrative & support services. In 2024, the employer put in $1.35 for every $1.00 employees contributed themselves; active participation has grown from 240 to 827 since 2022.

Plan summary
Net assets, end of year$10,852,889
Participants with balances797
Active participants827
Employer contributions$1,420,907
Employee contributions$1,055,967
Employer contribution per active participant$1,718
Average account balance$13,617
Benefits paid to participants$1,992,823
Plan auditUnmodified (clean) audit opinion
AuditorBD & ASSOCIATES CPAS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.9M · 797 accts · $1.4M emplr
2023$9.5M · 867 accts · $1.6M emplr
2022$4.4M · 428 accts · $541K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,180
Investment management$28,290
Total administrative$125,470
The Kr Contracting, Inc. 401(k) match · 2024
Employer contribution per active participant$1,718
Median for plans this size$2,416
2024$1,718 per active participant
2023$2,251 per active participant
2022$2,253 per active participant

Kr Contracting, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$97,179
THE CAPITAL GROUP · Recordkeeping · Trustee$28,290
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, THE CAPITAL GROUP
2023ADP, THE CAPITAL GROUP

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Administrative cost history3
2024$125,470 · 1.24%
2023$79,031 · 1.14%
2022$83,045 · 1.56%
All plans at this employer2
KR CONTRACTING, INC 401(K) PLAN401(k)
KR CONTRACTING, INC. 401(K) PLAN401(k)
Same employer
Similar plansAdministrative & Support Services · Virginia
Haynes Inc. VA$12.4M · 0.05%
Employment Enterprises Inc VA$11.1M · 1.02%
Qualx Corporation VA$10.8M · 0.10%
Aeonian LLC VA$10.0M · 0.80%
Verisma Systems, Inc. VA$9.4M · 1.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900644901 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.