Plan Ledger DOL Form 5500 · updated monthly

Piper Mechanical, Inc.401(k)

PIPER MECHANICAL 401(K) RETIREMENT PLAN · VANCOUVER, WA · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Piper Mechanical, Inc. reported $52,021 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $3,367 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 0.44% to 0.67%. 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 Washington (1,155th of 1,714), and 3,328th of 5,337 in construction. In 2024, the employer put in $1.61 for every $1.00 employees contributed themselves; active participation has grown from 90 to 177 since 2022.

Plan summary
Net assets, end of year$8,430,998
Participants with balances166
Active participants177
Employer contributions$595,924
Employee contributions$369,900
Employer contribution per active participant$3,367
Average account balance$50,789
Benefits paid to participants$580,029
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.4M · 166 accts · $596K emplr
2023$7.2M · 138 accts · $342K emplr
2022$5.8M · 123 accts · $245K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,021
Total administrative$52,021
The Piper Mechanical, Inc. 401(k) match · 2024
Employer contribution per active participant$3,367
Median for plans this size$1,313
2024$3,367 per active participant
2023$2,711 per active participant
2022$2,720 per active participant

Piper Mechanical, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20245
ADP, INC · Recordkeeping$26,972
YEO & YEO P.C. · Recordkeeping · Pension consulting$14,000
FARMER & BETTS · Recordkeeping · Pension consulting$8,410
ADP, INC · Recordkeeping$2,389
ADP, INC · Loan processing$250

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

Recordkeeper by year2
2024ADP, FARMER & BETTS, YEO & YEO P.C.
2023ADP, FARMER & BETTS, MASSIE & COMPANY

This plan has changed recordkeepers within these filings. If you left Piper Mechanical, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$52,021 · 0.67%
2023$47,229 · 0.73%
2022$27,235 · 0.44%
Similar plansConstruction · Washington
The Holt Group, Inc. WA$9.0M · 0.56%
Sme Inc of Seattle WA$8.9M · 0.01%
Provident Electric, Inc. WA$8.6M · 0.53%
Wolfe Plumbing, Inc. WA$8.0M · 0.02%
Sea-Tac Electric, Inc. WA$7.7M · 0.50%
Mmcs, LLC WA$7.3M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911874613 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.