Plan Ledger DOL Form 5500 · updated monthly

Layton Construction Company, LLC401(k)

LAYTON CONSTRUCTION COMPANY, LLC 401(K) PROFIT SHARING PLAN · SANDY, UT · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Layton Construction Company, LLC reported $57,221 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,367 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 0.03% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 50th-largest of 848 plans among Utah employers on file, and the 439th of 5,337 in construction. In 2024, employees put in $2.31 for every $1.00 the employer contributed; active participation has grown from 1,067 to 1,372 since 2022.

Plan summary
Net assets, end of year$153,733,135
Participants with balances1,957
Active participants1,372
Employer contributions$4,619,930
Employee contributions$10,672,111
Employer contribution per active participant$3,367
Average account balance$78,556
Benefits paid to participants$10,165,765
Plan auditUnmodified (clean) audit opinion
AuditorGRASSI & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$153.7M · 1,957 accts · $4.6M emplr
2023$127.8M · 1,895 accts · $4.5M emplr
2022$101.2M · 2,016 accts · $4.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,736
Investment management$37,485
Total administrative$57,221
The Layton Construction Company, LLC 401(k) match · 2024
Employer contribution per active participant$3,367
Median for plans this size$3,635
2024$3,367 per active participant
2023$3,954 per active participant
2022$3,968 per active participant

Layton Construction Company, LLC's 2024 employer contribution ran below the $3,635 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$37,485
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$19,736

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$57,221 · 0.04%
2023$36,164 · 0.03%
2022$33,391 · 0.03%
Similar plansConstruction · Utah
The Yates Companies, Inc. MS$154.1M · 0.43%
Herzog Contracting Corp. MO$154.0M · 0.18%
Service Experts LLC TX$151.8M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870660059 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.