Plan Ledger DOL Form 5500 · updated monthly

P & S Paving, Inc.401(k)

P & S PAVING, INC. 401(K) PROFIT SHARING PLAN · DAYTONA BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.90%

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

P & S Paving, Inc. reported $63,219 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,260 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 0.59% to 0.90%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Florida (2,062nd of 3,644), and 3,438th of 5,337 in construction. In 2024, employees put in $1.63 for every $1.00 the employer contributed; active participation has grown from 213 to 252 since 2022.

Plan summary
Net assets, end of year$7,700,960
Participants with balances238
Active participants252
Employer contributions$569,471
Employee contributions$930,738
Employer contribution per active participant$2,260
Average account balance$32,357
Benefits paid to participants$893,868
Plan auditUnmodified (clean) audit opinion
AuditorJAMES MOORE & COMPANY, P.L.
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 238 accts · $569K emplr
2023$6.3M · 217 accts · $457K emplr
2022$5.0M · 178 accts · $361K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,559
Investment management$15,756
Total administrative$63,219
The P & S Paving, Inc. 401(k) match · 2024
Employer contribution per active participant$2,260
Median for plans this size$1,313
2024$2,260 per active participant
2023$1,997 per active participant
2022$1,696 per active participant

P & S Paving, Inc.'s 2024 employer contribution ran above the $1,313 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
JOHN HANCOCK LIFE INS CO. · Recordkeeping · Investment management$5,931
M HOLDING SECURITIES, INC · Investment advisory (participants)$14,434

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$63,219 · 0.90%
2023$48,477 · 0.86%
2022$33,279 · 0.59%
Same employer
Similar plansConstruction · Florida
Strada Services, LLC FL$8.1M · 1.13%
J. W. Cheatham, LLC FL$7.9M · 0.46%
Rulon Company FL$7.7M · 0.03%
McS of Tampa, Inc. FL$7.7M · 0.38%
Betacom Inc FL$7.5M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593155035 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.