Plan Ledger DOL Form 5500 · updated monthly

North Santiam Paving Company401(k)

NORTH SANTIAM PAVING CO. 401(K) PROFIT SHARING PLAN · STAYTON, OR · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

North Santiam Paving Company reported $75,835 in plan administrative expenses for 2024: 0.76% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,043 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 0.62% to 0.76%. 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 among the smaller plans on file in Oregon (532nd of 1,021), and 2,988th of 5,337 in construction. In 2024, employees put in $3.56 for every $1.00 the employer contributed; active participation has grown from 77 to 88 since 2022.

Plan summary
Net assets, end of year$10,681,853
Participants with balances109
Active participants88
Employer contributions$179,782
Employee contributions$640,161
Employer contribution per active participant$2,043
Average account balance$97,999
Benefits paid to participants$420,101
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 109 accts · $180K emplr
2023$9.4M · 102 accts · $159K emplr
2022$7.9M · 113 accts · $161K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,713
Investment management$40,622
Audit (IQPA)$13,500
Total administrative$75,835
The North Santiam Paving Company 401(k) match · 2024
Employer contribution per active participant$2,043
Median for plans this size$2,416
2024$2,043 per active participant
2023$1,910 per active participant
2022$2,089 per active participant

North Santiam Paving Company'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 · 20244
ALDRICH WEALTH LIMITED PARTNERSHIP · Investment advisory (plan)$40,622
MEIHAUS CPA, PC · Accounting / audit$13,500
PRIME RETIREMENT SOLUTIONS LLC · Contract administrator$2,600

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$75,835 · 0.76%
2023$53,265 · 0.62%
2022$51,360 · 0.62%
Similar plansConstruction · Oregon
Moore Excavation, Inc. OR$12.8M · 0.75%
Comfort Flow Heating, Co. OR$12.0M · 1.02%
Point Monitor Corporation OR$11.7M · 0.18%
DG3, Inc. dba Dallas Glass OR$11.7M · 0.40%
A Cut Above Exteriors, Inc. OR$10.1M · 0.28%
Perfect Air Holdco LLC OR$9.3M · 0.55%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 930627856 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.