Plan Ledger DOL Form 5500 · updated monthly

Plumb House, Inc.401(k)

PLUMB HOUSE, INC. 401(K) RETIREMENT PLAN · MILFORD, MA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Plumb House, Inc. reported $41,936 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $7,810 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 0.30% to 0.28%. 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 among the smaller plans on file in Massachusetts (1,461st of 2,726), and the 2,283rd of 5,337 in construction. In 2024, the employer put in $1.04 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$16,782,089
Participants with balances176
Active participants142
Employer contributions$1,109,040
Employee contributions$1,065,009
Employer contribution per active participant$7,810
Average account balance$95,353
Benefits paid to participants$986,747
Plan auditUnmodified (clean) audit opinion
AuditorEJ CALLAHAN & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$16.8M · 176 accts · $1.1M emplr
2023$13.5M · 185 accts · $806K emplr
2022$10.3M · 166 accts · $464K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,466
Investment management$35,470
Total administrative$41,936
The Plumb House, Inc. 401(k) match · 2024
Employer contribution per active participant$7,810
Median for plans this size$2,416
2024$7,810 per active participant
2023$5,306 per active participant
2022$3,072 per active participant

Plumb House, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
SENTINEL BENEFITS GROUP, INC. · Recordkeeping$6,466
SENTINEL PENSION ADVISORS · Investment advisory (plan)$35,470

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$41,936 · 0.28%
2023$34,750 · 0.29%
2022$32,660 · 0.30%
Same employer
Similar plansConstruction · Massachusetts
E.M. Duggan, Inc. MA$18.3M · 0.31%
Fernandes Masonry, Inc. MA$18.2M · 0.32%
J. Derenzo Co. MA$17.2M · 0.30%
G. Lopes Construction Inc. MA$16.1M · 0.37%
Florence Electric, LLC MA$15.9M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042535487 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.