Plan Ledger DOL Form 5500 · updated monthly

Pedulla Excavating and Paving, Inc.401(k)

PEDULLA EXCAVATING AND PAVING, INC. 401(K) PROFIT SHARING PLAN · MOORESVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
1.08%

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

Pedulla Excavating and Paving, Inc. reported $115,500 in plan administrative expenses for 2024: 1.08% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,489 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 0.03% to 1.08%. 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 Carolina (1,021st of 2,005), and 2,868th of 5,337 in construction. In 2024, the employer put in $1.66 for every $1.00 employees contributed themselves; active participation has grown from 104 to 115 since 2022.

Plan summary
Net assets, end of year$11,651,889
Participants with balances173
Active participants115
Employer contributions$631,198
Employee contributions$381,223
Employer contribution per active participant$5,489
Average account balance$67,352
Benefits paid to participants$300,461
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 173 accts · $631K emplr
2023$9.7M · 171 accts · $1.1M emplr
2022$6.8M · 125 accts · $485K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,050
Investment management$48,690
Total administrative$115,500
The Pedulla Excavating and Paving, Inc. 401(k) match · 2024
Employer contribution per active participant$5,489
Median for plans this size$2,416
2024$5,489 per active participant
2023$9,279 per active participant
2022$4,662 per active participant

Pedulla Excavating and Paving, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$61,050
INTERNATIONAL ASSETS INVESTM · Investment advisory (participants)$48,690
PLAN INTEGRITY PARTNERS, LLC · Other services$5,760

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

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Administrative cost history3
2024$115,500 · 1.08%
2023$2,453 · 0.03%
2022$1,740 · 0.03%
Similar plansConstruction · North Carolina
Dellinger, Inc. NC$12.8M · 0.21%
Seegars Fence Company, Inc. NC$12.3M · 0.83%
Griffin Masonry, Inc. NC$12.0M · 0.11%
Sanford Contractors, Inc. NC$11.5M · 0.60%
David Allen Company, Inc. NC$11.5M · 0.40%
Fhg, Inc. NC$11.0M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222767883 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.