Plan Ledger DOL Form 5500 · updated monthly

Oglesby Construction, Inc.401(k)

OGLESBY CONSTRUCTION 401(K) PROFIT SHARING PLAN · NORWALK, OH · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Oglesby Construction, Inc. reported $35,353 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $2,749 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 0.30% to 0.23%. 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 1,569th-largest of 3,295 plans among Ohio employers on file, and the 2,415th of 5,337 in construction. In 2024, employees put in $1.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,437,434
Participants with balances198
Active participants178
Employer contributions$489,405
Employee contributions$806,230
Employer contribution per active participant$2,749
Average account balance$77,967
Benefits paid to participants$2,551,167
Plan auditUnmodified (clean) audit opinion
AuditorPAYNE NICKLES AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 198 accts · $489K emplr
2023$15.0M · 223 accts · $171K emplr
2022$12.6M · 226 accts · $180K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,608
Investment management$3,745
Total administrative$35,353
The Oglesby Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$2,749
Median for plans this size$2,416
2024$2,749 per active participant
2023$941 per active participant
2022$951 per active participant

Oglesby Construction, Inc.'s 2024 employer contribution ran above 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$31,608

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$35,353 · 0.23%
2023$40,717 · 0.29%
2022$41,780 · 0.30%
Same employer
Similar plansConstruction · Ohio
Wells Brothers, Inc. OH$15.9M · 0.13%
Americas Floor Source OH$15.6M · 0.07%
Romanoff Electric, Inc. OH$15.3M · 1.23%
Trans Ash, Inc. OH$14.9M · 0.02%
O'Rourke Wrecking Company OH$14.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341233573 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.