Plan Ledger DOL Form 5500 · updated monthly

Largo Concrete, Inc.401(k)

LARGO CONCRETE, INC. 401(K) PROFIT SHARING PLAN · TUSTIN, CA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Largo Concrete, Inc. reported $123,140 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $1,571 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 0.55% to 0.45%. 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 2,733rd-largest of 9,483 plans among California employers on file, and the 1,564th of 5,337 in construction. In 2024, employees put in $4.06 for every $1.00 the employer contributed; active participation has shrunk from 807 to 465 since 2022.

Plan summary
Net assets, end of year$29,155,860
Participants with balances683
Active participants465
Employer contributions$730,697
Employee contributions$2,964,325
Employer contribution per active participant$1,571
Average account balance$42,688
Benefits paid to participants$3,549,310
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.2M · 683 accts · $731K emplr
2023$25.1M · 904 accts · $857K emplr
2022$18.9M · 906 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$123,140
Total administrative$123,140
The Largo Concrete, Inc. 401(k) match · 2024
Employer contribution per active participant$1,571
Median for plans this size$2,416
2024$1,571 per active participant
2023$1,201 per active participant
2022$1,363 per active participant

Largo Concrete, 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 · 20241
TRI-AD ACTUARIES, INC. · Contract administrator · Recordkeeping$123,140

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

Recordkeeper by year2
2024TRI-AD ACTUARIES, INC.
2023TRI-AD ACTUARIES, INC.

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Administrative cost history3
2024$123,140 · 0.45%
2023$107,664 · 0.49%
2022$105,068 · 0.55%
Same employer
Similar plansConstruction · California
Kinetic Systems, Inc. CA$29.8M · 0.29%
R.D.M. Electric Co., Inc. CA$29.5M · 0.33%
Dryco Construction, Inc. CA$28.3M · 0.39%
Novo Construction, Inc. CA$28.1M · 0.06%
Hmh Engineers CA$28.0M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770226865 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.