Plan Ledger DOL Form 5500 · updated monthly

Pittman Construction Company401(k)

PITTMAN CONSTRUCTION COMPANY PROFIT SHARING PLAN · CONYERS, GA · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Pittman Construction Company reported $37,992 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $2,889 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 0.37% to 0.25%. 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 969th-largest of 2,160 plans among Georgia employers on file, and the 2,320th of 5,337 in construction. In 2024, employees put in $1.45 for every $1.00 the employer contributed; active participation has shrunk from 261 to 222 since 2022.

Plan summary
Net assets, end of year$16,370,651
Participants with balances244
Active participants222
Employer contributions$641,468
Employee contributions$927,403
Employer contribution per active participant$2,889
Average account balance$67,093
Benefits paid to participants$1,998,127
Plan auditUnmodified (clean) audit opinion
AuditorBATES, CARTER AND CO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.4M · 244 accts · $641K emplr
2023$14.6M · 179 accts · $972K emplr
2022$11.5M · 196 accts · $408K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,364
Investment management$11,628
Total administrative$37,992
The Pittman Construction Company 401(k) match · 2024
Employer contribution per active participant$2,889
Median for plans this size$2,416
2024$2,889 per active participant
2023$5,618 per active participant
2022$1,562 per active participant

Pittman Construction Company's 2024 employer contribution ran above the $2,416 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 · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$26,364
CAMBRIDGE INVESTMENT RESEARCH ADV · Investment advisory (participants) · Investment advisory (plan)$11,628

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

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$37,992 · 0.25%
2023$30,163 · 0.23%
2022$46,214 · 0.37%
Similar plansConstruction · Georgia
Primus Builders, Inc. GA$17.6M · 0.01%
Nwp Enterprises Inc GA$17.1M · 0.46%
United Forming, Inc. GA$16.3M · 0.01%
Strack, Incorporated GA$14.7M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580838416 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.