Plan Ledger DOL Form 5500 · updated monthly

Pete King Construction Company401(k)

PETE KING 401(K) PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Pete King Construction Company reported $26,120 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $2,189 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 1 year on file its reported administrative ratio rose from 0.11% to 0.65%. 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 Arizona (819th of 1,285), and 3,937th of 5,337 in construction. In 2024, employees put in $1.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,237,125
Participants with balances532
Active participants497
Employer contributions$1,088,003
Employee contributions$1,500,954
Employer contribution per active participant$2,189
Average account balance$9,844
Benefits paid to participants$524,464
Plan auditUnmodified (clean) audit opinion
AuditorTULL, FORSBERG & OLSON, PLC
Plan history2
Yearassets · accounts · employer contribution
2024$5.2M · 532 accts · $1.1M emplr
2023$2.7M · 493 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,120
Total administrative$26,120
The Pete King Construction Company 401(k) match · 2024
Employer contribution per active participant$2,189
Median for plans this size$1,313
2024$2,189 per active participant
2023$2,241 per active participant

Pete King Construction Company'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 · 20241
TRI-AD ACTUARIES, INC. · Contract administrator · Recordkeeping$26,120

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

Administrative cost history2
2024$26,120 · 0.65%
2023$2,976 · 0.11%
Same employer
Similar plansConstruction · Arizona
B&F Contracting, Inc. AZ$5.3M · 1.23%
Mfrg-Icon Construction AZ$5.3M · 0.70%
Sprayfoam Southwest, Inc. AZ$5.1M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860654420 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.