Plan Ledger DOL Form 5500 · updated monthly

People 2.0 Global, LP401(k)

THE CONTRACTORS RETIREMENT PLAN · KING OF PRUSSIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

People 2.0 Global, LP reported $11,500 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $319 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 0.02% to 0.05%. 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 the 1,313th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,695th of 5,337 in construction. In 2024, employees put in $23.77 for every $1.00 the employer contributed; active participation has shrunk from 1,099 to 907 since 2022.

Plan summary
Net assets, end of year$25,930,114
Participants with balances1,589
Active participants907
Employer contributions$289,661
Employee contributions$6,885,512
Employer contribution per active participant$319
Average account balance$16,319
Benefits paid to participants$6,644,409
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.9M · 1,589 accts · $290K emplr
2023$22.2M · 1,543 accts · $286K emplr
2022$14.9M · 1,336 accts · $301K emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$11,500
Total administrative$11,500
The People 2.0 Global, LP 401(k) match · 2024
Employer contribution per active participant$319
Median for plans this size$2,416
2024$319 per active participant
2023$218 per active participant
2022$274 per active participant

People 2.0 Global, LP'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.

Administrative cost history3
2024$11,500 · 0.05%
2023Not separately reported
2022$3,000 · 0.02%
Same employer
Similar plansConstruction · Pennsylvania
Gooding Group, LLC PA$27.3M · 0.41%
James D. Morrissey, Inc. PA$26.4M · 0.19%
Leonard S. Fiore, Inc. PA$26.0M · 0.34%
Qualtek USA, LLC PA$26.0M · 0.43%
Caddick Utilities LLC PA$25.6M · 0.27%
Riggs Industries, Inc. PA$25.5M · 0.00%
Oliver Sprinkler Co., Inc. PA$25.0M · 0.67%
S & a Homes, Inc. PA$25.0M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 651135006 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.