Plan Ledger DOL Form 5500 · updated monthly

Pro-Craft Construction, Inc.401(k)

THE CONTRACTORS RETIREMENT PLAN · REDLANDS, CA · plan year 2024

Employer contribution per participant · 2024
$12,778

Pro-Craft Construction, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $20,767,192 across 189 participant accounts, with employer contributions averaging $12,778 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 3,535th-largest of 9,483 plans among California employers on file, and the 1,971st of 5,337 in construction. In 2024, the employer put in $11.92 for every $1.00 employees contributed themselves; active participation has grown from 139 to 247 since 2022.

Plan summary
Net assets, end of year$20,767,192
Participants with balances189
Active participants247
Employer contributions$3,156,131
Employee contributions$264,788
Employer contribution per active participant$12,778
Average account balance$109,879
Benefits paid to participants$3,772,430
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.8M · 189 accts · $3.2M emplr
2023$19.5M · 224 accts · $3.1M emplr
2022$15.4M · 199 accts · $3.2M emplr
The Pro-Craft Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$12,778
Median for plans this size$2,416
2024$12,778 per active participant
2023$19,046 per active participant
2022$22,975 per active participant

Pro-Craft Construction, 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansConstruction · California
Geo Services, LLC CA$21.6M · 0.17%
The Nevell Group, Inc. CA$21.5M · 0.36%
Vasko Electric, Inc. CA$20.4M · 0.53%
Arizona Pipeline Company CA$20.3M · 0.62%
Baker Electric, Inc. CA$20.3M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204110686 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.