Plan Ledger DOL Form 5500 · updated monthly

Pittsburg Tank & Tower Co, Inc.401(k)

PITTSBURG TANK & TOWER CO., INC. EMPLOYEES SAVINGS TRUST · HENDERSON, KY · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Pittsburg Tank & Tower Co, Inc. reported $97,920 in plan administrative expenses for 2024: 0.73% of average plan assets, higher than ~90% of peers. Employer contributions averaged $865 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 0.67% to 0.73%. 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 384th-largest of 871 plans among Kentucky employers on file, and the 2,583rd of 5,337 in construction. In 2024, employees put in $3.73 for every $1.00 the employer contributed; active participation has grown from 315 to 365 since 2022.

Plan summary
Net assets, end of year$14,037,869
Participants with balances293
Active participants365
Employer contributions$315,557
Employee contributions$1,176,782
Employer contribution per active participant$865
Average account balance$47,911
Benefits paid to participants$1,655,233
Plan auditUnmodified (clean) audit opinion
AuditorHARDING SHYMANSKI & CO., INC
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 293 accts · $316K emplr
2023$12.8M · 190 accts · $289K emplr
2022$10.9M · 200 accts · $282K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,920
Total administrative$97,920
The Pittsburg Tank & Tower Co, Inc. 401(k) match · 2024
Employer contribution per active participant$865
Median for plans this size$2,416
2024$865 per active participant
2023$956 per active participant
2022$895 per active participant

Pittsburg Tank & Tower Co, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$97,919
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$97,920 · 0.73%
2023$81,752 · 0.69%
2022$78,997 · 0.67%
All plans at this employer2
PITTSBURG TANK & TOWER CO., INC. EMPLOYEES SAVINGS TRUST401(k)
PITTSBURG TANK & TOWER CO., INC. RETIREMENT PLANProfit-sharing plan
Same employer
Similar plansConstruction · Kentucky
Kelley Construction, Inc KY$16.0M · 0.56%
Marine Solutions, Inc. KY$12.6M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480681609 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.