Plan Ledger DOL Form 5500 · updated monthly

Larusso Concrete, IncESOP

LARUSSO CONCRETE, INC EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · WILSONVILLE, OR · plan year 2024

Employer contribution per participant · 2024
$14,722

Larusso Concrete, Inc's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $19,318,839 across 235 participant accounts, with employer contributions averaging $14,722 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio rose from 0.30% to 1.14%. 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 369th-largest of 1,021 plans among Oregon employers on file, and the 2,073rd of 5,337 in construction. active participation has grown from 134 to 164 since 2022.

Plan summary
Net assets, end of year$19,318,839
Participants with balances235
Active participants164
Employer contributions$2,414,329
Employee contributions—
Employer contribution per active participant$14,722
Average account balance$82,208
Benefits paid to participants$40,291
Plan auditUnmodified (clean) audit opinion
AuditorPERKINS & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$19.3M · 235 accts · $2.4M emplr
2023$7.9M · 210 accts · $2.3M emplr
2022$5.8M · 185 accts · $2.3M emplr
Employer contributions to the Larusso Concrete, Inc plan · 2024
Employer contribution per active participant$14,722
Median for plans this size$2,416
2024$14,722 per active participant
2023$17,141 per active participant
2022$17,525 per active participant

Larusso Concrete, 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.

Administrative cost history3
2024Not separately reported
2023$77,762 · 1.14%
2022$19,163 · 0.30%
Similar plansConstruction · Oregon
American Heating, Inc. OR$22.1M · 0.23%
Lcg Pence, LLC OR$20.3M · 0.59%
Hunter-Davisson, Inc. OR$19.5M · 0.22%
Hoffman Corporation OR$19.0M · 0.26%
James W. Fowler Co. OR$17.5M · 0.70%
Pahlisch Home, Inc. OR$16.9M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203982326 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.