Plan Ledger DOL Form 5500 · updated monthly

Performance Contractors, Inc.401(k)

PERFORMANCE CONTRACTORS, INC. 401(K) SALARY SAVINGS PLAN · BATON ROUGE, LA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Performance Contractors, Inc. reported $315,629 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $410 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 0.28% to 0.27%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 52nd-largest of 884 plans among Louisiana employers on file, and the 507th of 5,337 in construction. In 2024, employees put in $4.15 for every $1.00 the employer contributed; active participation has grown from 3,667 to 4,376 since 2022.

Plan summary
Net assets, end of year$127,572,391
Participants with balances3,503
Active participants4,376
Employer contributions$1,796,073
Employee contributions$7,446,719
Employer contribution per active participant$410
Average account balance$36,418
Benefits paid to participants$8,486,688
Plan auditUnmodified (clean) audit opinion
AuditorMADDOX & ASSOCIATES APC
Plan history3
Yearassets · accounts · employer contribution
2024$127.6M · 3,503 accts · $1.8M emplr
2023$109.9M · 3,380 accts · $1.6M emplr
2022$94.9M · 3,226 accts · $1.5M emplr
The Performance Contractors, Inc. 401(k) match · 2024
Employer contribution per active participant$410
Median for plans this size$3,635
2024$410 per active participant
2023$348 per active participant
2022$419 per active participant

Performance Contractors, Inc.'s 2024 employer contribution ran below the $3,635 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.

Service providers · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$315,629

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$315,629 · 0.27%
2023$259,972 · 0.25%
2022$292,913 · 0.28%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 720875986 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.