Plan Ledger DOL Form 5500 · updated monthly

Landmark Builders, Inc.401(k)

LANDMARK BUILDERS PROFIT SHARING AND RETIREMENT SAVINGS PLAN · WINSTON SALEM, NC · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Landmark Builders, Inc. reported $116,251 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $3,595 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 rose from 0.41% to 0.44%. 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 582nd-largest of 2,005 plans among North Carolina employers on file, and the 1,579th of 5,337 in construction. In 2024, employees put in $2.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,571,278
Participants with balances232
Active participants194
Employer contributions$697,408
Employee contributions$1,803,841
Employer contribution per active participant$3,595
Average account balance$123,152
Benefits paid to participants$1,349,850
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.6M · 232 accts · $697K emplr
2023$23.9M · 226 accts · $1.5M emplr
2022$18.5M · 205 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$106,752
Audit (IQPA)$9,499
Total administrative$116,251
The Landmark Builders, Inc. 401(k) match · 2024
Employer contribution per active participant$3,595
Median for plans this size$2,416
2024$3,595 per active participant
2023$7,887 per active participant
2022$6,195 per active participant

Landmark Builders, Inc.'s 2024 employer contribution ran above 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$106,751
S.PRESTON DOUGLAS & ASSO · Accounting / audit$9,500
MMA SECURITIES LLC · Investment advisory (plan)indirect comp

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$116,251 · 0.44%
2023$89,688 · 0.42%
2022$79,864 · 0.41%
Same employer
Similar plansConstruction · North Carolina
McGee Brothers Co., Inc. NC$32.6M · 0.23%
T. a. Loving Company NC$30.1M · 0.31%
Wayne Brothers, Inc. NC$27.4M · 0.15%
Edifice, Inc. NC$26.6M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561109168 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.