Plan Ledger DOL Form 5500 · updated monthly

Pearson Construction, LLC401(k)

PEARSON CONSTRUCTION, LLC PROFIT SHARING/401(K) PL AND TR · WICHITA, KS · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

Pearson Construction, LLC reported $59,034 in plan administrative expenses for 2024: 0.76% of average plan assets, above the peer median. Employer contributions averaged $1,647 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 0.91% to 0.76%. 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 Kansas (499th of 828), and 3,122nd of 5,337 in construction. In 2024, employees put in $2.25 for every $1.00 the employer contributed; active participation has grown from 237 to 341 since 2022.

Plan summary
Net assets, end of year$9,773,640
Participants with balances269
Active participants341
Employer contributions$561,691
Employee contributions$1,266,329
Employer contribution per active participant$1,647
Average account balance$36,333
Benefits paid to participants$377,751
Plan auditUnmodified (clean) audit opinion
AuditorKOCH SIEDHOFF HAND & DUNN, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 269 accts · $562K emplr
2023$5.8M · 199 accts · $422K emplr
2022$3.5M · 18 accts · $204K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,517
Investment management$25,517
Total administrative$59,034
The Pearson Construction, LLC 401(k) match · 2024
Employer contribution per active participant$1,647
Median for plans this size$1,313
2024$1,647 per active participant
2023$1,753 per active participant
2022$859 per active participant

Pearson Construction, LLC'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
NATIONWIDE · Recordkeeping · Loan processing$30,253
KEATING FINANCIAL ADVISORY SERVICES · Recordkeeping · Loan processing$25,517

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

Recordkeeper by year2
2024KEATING FINANCIAL ADVISORY SERVICES, Nationwide
2023KEATING AND ASSOCIATES INC, KEATING FINANCIAL ADVISORY SERVICES, Nationwide

This plan has changed recordkeepers within these filings. If you left Pearson Construction, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$59,034 · 0.76%
2023$54,519 · 1.17%
2022$29,515 · 0.91%
Similar plansConstruction · Kansas
Midwest Drywall Co., Inc. KS$12.6M · 0.42%
Koss Construction Company KS$11.6M · 0.36%
Industrial Electric Company KS$10.5M · 0.97%
Hi-Tech Interiors, Inc. KS$8.9M · 0.46%
REMEDI8 Holdings Corp. KS$8.8M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453718912 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.