Plan Ledger DOL Form 5500 · updated monthly

Primoris Services Corporation401(k)

PRIMORIS SERVICES CORPORATION 401(K) RETIREMENT SAVINGS PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Primoris Services Corporation reported $328,956 in plan administrative expenses for 2024: 0.09% of average plan assets, above the peer median. Employer contributions averaged $1,563 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 0.11% to 0.09%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 235th-largest of 5,688 plans among Texas employers on file, and the 177th of 5,337 in construction. In 2024, employees put in $1.92 for every $1.00 the employer contributed; active participation has grown from 11,074 to 12,250 since 2022.

Plan summary
Net assets, end of year$401,457,308
Participants with balances7,254
Active participants12,250
Employer contributions$19,144,914
Employee contributions$36,794,032
Employer contribution per active participant$1,563
Average account balance$55,343
Benefits paid to participants$61,629,822
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$401.5M · 7,254 accts · $19.1M emplr
2023$355.1M · 6,421 accts · $17.0M emplr
2022$250.8M · 5,362 accts · $13.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$327,918
Investment management$1,038
Total administrative$328,956
The Primoris Services Corporation 401(k) match · 2024
Employer contribution per active participant$1,563
Median for plans this size$4,294
2024$1,563 per active participant
2023$1,486 per active participant
2022$1,198 per active participant

Primoris Services Corporation's 2024 employer contribution ran below the $4,294 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$42,338
WEALTH MANAGEMENT SYSTEMS INC · Other servicesindirect 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$328,956 · 0.09%
2023$357,664 · 0.12%
2022$297,862 · 0.11%
Similar plansConstruction · Texas
Srs Distribution Inc. TX$574.8M · 0.16%
Austin Industries, Inc. TX$511.6M · 0.10%
Weekley Homes TX$413.2M · 0.11%
Tdindustries, Inc. TX$321.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843707404 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.