Plan Ledger DOL Form 5500 · updated monthly

Old Dominion Insulation, Inc.401(k)

OLD DOMINION INSULATION, INC. 401(K) PLAN · MIDLOTHIAN, VA · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Old Dominion Insulation, Inc. reported $63,353 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $615 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 0.65% to 0.54%. 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 Virginia (1,292nd of 2,266), and 2,692nd of 5,337 in construction. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 673 to 823 since 2022.

Plan summary
Net assets, end of year$12,944,864
Participants with balances370
Active participants823
Employer contributions$506,324
Employee contributions$885,120
Employer contribution per active participant$615
Average account balance$34,986
Benefits paid to participants$559,715
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 370 accts · $506K emplr
2023$10.3M · 349 accts · $397K emplr
2022$8.0M · 345 accts · $349K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,193
Investment management$23,106
Trustee / custodial$12,054
Total administrative$63,353
The Old Dominion Insulation, Inc. 401(k) match · 2024
Employer contribution per active participant$615
Median for plans this size$2,416
2024$615 per active participant
2023$486 per active participant
2022$519 per active participant

Old Dominion Insulation, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20243
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$28,193
MIDATLANTIC CAPITAL MANAGEMENT, INC · Investment advisory (plan)$23,106
NEWPORT TRUST COMPANY · Claims processing · Custodial (securities)$12,054

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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Administrative cost history3
2024$63,353 · 0.54%
2023$57,647 · 0.63%
2022$55,891 · 0.65%
Same employer
Similar plansConstruction · Virginia
Cpg Beyond, Inc. VA$14.1M · 0.45%
Standard Calibrations, Inc. VA$13.3M · 0.36%
Design Electric, Inc. VA$13.1M · 0.00%
Hughes & Smith, Inc. VA$12.9M · 0.49%
S. B. Cox, Inc. VA$12.6M · 0.08%
The Matthews Group, Inc. VA$12.2M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541166463 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.