Plan Ledger DOL Form 5500 · updated monthly

Quigg Bros., Inc.401(k)

QUIGG BROS., INC. PROFIT SHARING SAVINGS PLAN · ABERDEEN, WA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Quigg Bros., Inc. reported $67,740 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $7,216 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 0.38% to 0.27%. 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 597th-largest of 1,714 plans among Washington employers on file, and the 1,734th of 5,337 in construction. In 2024, the employer put in $1.01 for every $1.00 employees contributed themselves; active participation has shrunk from 103 to 84 since 2022.

Plan summary
Net assets, end of year$25,085,675
Participants with balances132
Active participants84
Employer contributions$606,112
Employee contributions$603,024
Employer contribution per active participant$7,216
Average account balance$190,043
Benefits paid to participants$3,420,558
Plan auditUnmodified (clean) audit opinion
AuditorMAYER HOFFMAN MCCANN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$25.1M · 132 accts · $606K emplr
2023$24.6M · 153 accts · $662K emplr
2022$23.3M · 162 accts · $618K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,840
Investment management$4,502
Total administrative$67,740
The Quigg Bros., Inc. 401(k) match · 2024
Employer contribution per active participant$7,216
Median for plans this size$2,416
2024$7,216 per active participant
2023$6,247 per active participant
2022$6,004 per active participant

Quigg Bros., 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 · 20245
BOON ADMINISTRATIVE SERVICES INC · Contract administrator$21,307
KESTRA INVESTMENT SERVICES LLC$20,398
EMPOWER ADVISORY GROUP, LLC · Investment management$4,502
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processingindirect 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$67,740 · 0.27%
2023$72,938 · 0.30%
2022$102,701 · 0.38%
Same employer
Similar plansConstruction · Washington
Bayley Construction WA$27.9M · 0.31%
Rotschy, Inc. WA$25.1M · 0.68%
Imco General Construction WA$21.7M · 0.30%
Holaday-Parks, Inc. WA$21.2M · 0.03%
Stellar J. Corporation WA$19.7M · 0.54%
Andgar Corporation WA$19.2M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910615779 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.