Plan Ledger DOL Form 5500 · updated monthly

Purcell Construction Corp.401(k)

PURCELL CONSTRUCTION CORP. EMPLOYEE SAVINGS AND PROTECTION PLAN · WATERTOWN, NY · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Purcell Construction Corp. reported $81,452 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $4,875 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 has held roughly steady near 0.44%. 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 2,548th-largest of 5,648 plans among New York employers on file, and the 2,030th of 5,337 in construction. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has shrunk from 91 to 77 since 2022.

Plan summary
Net assets, end of year$19,774,553
Participants with balances118
Active participants77
Employer contributions$375,368
Employee contributions$529,854
Employer contribution per active participant$4,875
Average account balance$167,581
Benefits paid to participants$800,980
Plan auditUnmodified (clean) audit opinion
AuditorFIRLEY MORAN FREER & EASSA CPA P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$19.8M · 118 accts · $375K emplr
2023$17.2M · 139 accts · $413K emplr
2022$16.7M · 158 accts · $442K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,833
Investment management$77,619
Total administrative$81,452
The Purcell Construction Corp. 401(k) match · 2024
Employer contribution per active participant$4,875
Median for plans this size$2,416
2024$4,875 per active participant
2023$4,975 per active participant
2022$4,861 per active participant

Purcell Construction Corp.'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
BENEFIT PLANS ADMIN SERVICES, INC. · Recordkeeping · Custodial (securities)$17,375
THE JAMES P REAGAN AGENCY · Insurance broker · Investment advisory (participants)$64,077

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024BENEFIT PLANS ADMIN SERVICES, INC.
2023BENEFIT PLANS ADMIN SERVICES, INC.

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Administrative cost history3
2024$81,452 · 0.44%
2023$76,035 · 0.45%
2022$76,527 · 0.43%
Similar plansConstruction · New York
Tritech Communications, Inc NY$20.5M · 0.53%
Villager Construction, Inc. NY$19.7M · 0.27%
Par Plumbing Co., Inc. NY$19.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161007753 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.