Plan Ledger DOL Form 5500 · updated monthly

Loveland Ready-Mix Concrete, Inc.401(k)

LOVELAND READY-MIX CONCRETE, INC. PROFIT SHARING PLAN · LOVELAND, CO · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Loveland Ready-Mix Concrete, Inc. reported $81,360 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $13,088 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 0.06% to 0.60%. 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 666th-largest of 1,461 plans among Colorado employers on file, and the 2,556th of 5,337 in construction. In 2024, the employer put in $5.22 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$14,209,077
Participants with balances120
Active participants101
Employer contributions$1,321,935
Employee contributions$253,066
Employer contribution per active participant$13,088
Average account balance$118,409
Benefits paid to participants$1,655,287
Plan auditUnmodified (clean) audit opinion
AuditorBROCK & CO CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 120 accts · $1.3M emplr
2023$13.0M · 120 accts · $1.2M emplr
2022$11.3M · 111 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,091
Investment management$74,269
Total administrative$81,360
The Loveland Ready-Mix Concrete, Inc. 401(k) match · 2024
Employer contribution per active participant$13,088
Median for plans this size$2,416
2024$13,088 per active participant
2023$12,826 per active participant

Loveland Ready-Mix 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.

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
PRIME CAPITAL INVESTMENTS · Investment advisory (participants)$74,269

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$81,360 · 0.60%
2023$47,955 · 0.39%
2022$8,242 · 0.06%
Same employer
Similar plansConstruction · Colorado
B.T. Construction, Inc. CO$14.5M · 0.49%
Douglass Colony Group Inc. CO$14.3M · 0.53%
Lakewood Electric Company CO$12.2M · 0.43%
View Homes Incorporated CO$12.2M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840444604 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.