Plan Ledger DOL Form 5500 · updated monthly

Pioneer Construction Co.401(k)

PIONEER CONSTRUCTION 401(K) · HONESDALE, PA · plan year 2024

Reported admin expense ratio · 2024
0.96%

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

Pioneer Construction Co. reported $63,298 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,141 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 0.73% to 0.96%. 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 Pennsylvania (2,633rd of 3,651), and 3,574th of 5,337 in construction. In 2024, employees put in $1.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,099,911
Participants with balances126
Active participants124
Employer contributions$265,494
Employee contributions$444,035
Employer contribution per active participant$2,141
Average account balance$56,349
Benefits paid to participants$346,710
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 126 accts · $265K emplr
2023$6.1M · 124 accts · $286K emplr
2022$5.1M · 118 accts · $231K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,299
Audit (IQPA)$7,999
Total administrative$63,298
The Pioneer Construction Co. 401(k) match · 2024
Employer contribution per active participant$2,141
Median for plans this size$1,313
2024$2,141 per active participant
2023$2,403 per active participant
2022$2,008 per active participant

Pioneer Construction Co.'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$51,024
ASSURANCE DIMENSIONS INC · Accounting / audit$8,000
DEFINITI, LLC · Contract administrator · Other services$4,275
AMERIPRISE FINANCIAL SERVICES INC · Other servicesindirect comp

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

Administrative cost history3
2024$63,298 · 0.96%
2023$50,317 · 0.90%
2022$42,007 · 0.73%
Similar plansConstruction · Pennsylvania
Hartman and Hartman, Inc. PA$7.4M · 0.58%
E.K. Services, Inc. PA$7.2M · 0.55%
York Excavating Co LLC PA$6.6M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232863784 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.