Plan Ledger DOL Form 5500 · updated monthly

Opp Construction, LLC401(k)

OPP CONSTRUCTION 401(K) RETIREMENT PLAN · GRAND FORKS, ND · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Opp Construction, LLC reported $54,739 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $2,191 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 0.47% to 0.43%. 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 North Dakota (148th of 279), and the 2,622nd of 5,337 in construction. In 2024, employees put in $1.43 for every $1.00 the employer contributed; active participation has grown from 158 to 179 since 2022.

Plan summary
Net assets, end of year$13,665,262
Participants with balances263
Active participants179
Employer contributions$392,133
Employee contributions$561,294
Employer contribution per active participant$2,191
Average account balance$51,959
Benefits paid to participants$695,105
Plan auditUnmodified (clean) audit opinion
AuditorBRADY, MARTZ AND ASSOCIATES, P.C
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 263 accts · $392K emplr
2023$11.7M · 240 accts · $396K emplr
2022$9.9M · 214 accts · $279K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,243
Investment management$37,796
Audit (IQPA)$10,700
Total administrative$54,739
The Opp Construction, LLC 401(k) match · 2024
Employer contribution per active participant$2,191
Median for plans this size$2,416
2024$2,191 per active participant
2023$2,374 per active participant
2022$1,767 per active participant

Opp Construction, LLC'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 · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$45,708
BRADY, MARTZ AND ASSOCIATES, PC · Accounting / audit$10,700

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$54,739 · 0.43%
2023$49,347 · 0.46%
2022$51,646 · 0.47%
Same employer
Similar plansConstruction · North Dakota
Miller Insulation Co., Inc. ND$24.0M · 0.04%
Comstock Construction, Inc. ND$15.1M · 0.23%
Magnum Electric, Inc. ND$13.4M · 0.31%
Martin Construction, Inc. ND$11.9M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450448382 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.