Plan Ledger DOL Form 5500 · updated monthly

Pleasants Construction, Inc401(k)

THE PLEASANT COMPANIES 401(K) PLAN AND TRUST · CLARKSBURG, MD · plan year 2025

Reported admin expense ratio · 2025
0.51%

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

Pleasants Construction, Inc reported $132,279 in plan administrative expenses for 2025: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $868 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 3 years on file its reported administrative ratio rose from 0.39% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other construction employers. By assets it is the 497th-largest of 1,671 plans among Maryland employers on file, and the 1,609th of 5,337 in construction. In 2025, employees put in $4.57 for every $1.00 the employer contributed; active participation has grown from 663 to 761 since 2022.

Plan summary
Net assets, end of year$27,954,116
Participants with balances719
Active participants761
Employer contributions$660,469
Employee contributions$3,016,827
Employer contribution per active participant$868
Average account balance$38,879
Benefits paid to participants$3,669,802
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$28.0M · 719 accts · $660K emplr
2024$24.2M · 703 accts · $613K emplr
2023$20.5M · 608 accts · $537K emplr
2022$17.1M · 622 accts · $446K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$132,279
Total administrative$132,279
The Pleasants Construction, Inc 401(k) match · 2025
Employer contribution per active participant$868
Median for plans this size$2,666
2025$868 per active participant
2024$804 per active participant
2023$765 per active participant
2022$672 per active participant

Pleasants Construction, Inc's 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$132,174
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp
RETIREMENT BENEFIT SOLUTIONS LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)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 history4
2025$132,279 · 0.51%
2024$108,787 · 0.49%
2023$106,468 · 0.57%
2022$70,042 · 0.39%
Same employer
Similar plansConstruction · Maryland
Electrico, Inc. MD$34.1M · 0.40%
The Foulger-Pratt Companies MD$32.0M · 0.47%
Long Fence Company, Inc. MD$27.0M · 0.54%
David a. Bramble Inc. MD$26.4M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521745292 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.