Plan Ledger DOL Form 5500 · updated monthly

L.R. Willson & Sons, Inc.401(k)

L.R. WILLSON & SONS, INC. EMPLOYEE RETIREMENT PLAN · GAMBRILLS, MD · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

L.R. Willson & Sons, Inc. reported $69,229 in plan administrative expenses for 2024: 0.46% of average plan assets, above the peer median. Employer contributions averaged $9,511 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 0.57% to 0.46%. 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 774th-largest of 1,671 plans among Maryland employers on file, and the 2,386th of 5,337 in construction. In 2024, the employer put in $4.58 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$15,704,495
Participants with balances217
Active participants143
Employer contributions$1,360,077
Employee contributions$296,929
Employer contribution per active participant$9,511
Average account balance$72,371
Benefits paid to participants$2,002,991
Plan auditUnmodified (clean) audit opinion
AuditorMULLEN SONDBERG WIMBISH & STONE
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 217 accts · $1.4M emplr
2023$14.6M · 211 accts · $1.9M emplr
2022$12.6M · 186 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,638
Investment management$24,591
Total administrative$69,229
The L.R. Willson & Sons, Inc. 401(k) match · 2024
Employer contribution per active participant$9,511
Median for plans this size$2,416
2024$9,511 per active participant
2023$11,548 per active participant
2022$7,475 per active participant

L.R. Willson & Sons, Inc.'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
ASCENSUS LLC · Loan processing · Recordkeeping$44,638
ONE DIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$24,591

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$69,229 · 0.46%
2023$66,739 · 0.49%
2022$77,945 · 0.57%
Same employer
Similar plansConstruction · Maryland
Cj Miller, LLC MD$16.9M · 0.33%
Francis O. Day Co., Inc. MD$16.5M · 0.34%
Hamel Builders, Inc. MD$15.5M · 0.13%
Window Nation LLC MD$15.5M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520955711 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.