Plan Ledger DOL Form 5500 · updated monthly

R. K. Bass Electric, Inc.401(k)

R. K. BASS ELECTRIC RETIREMENT PLAN · HARKER HEIGHTS, TX · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

R. K. Bass Electric, Inc. reported $21,495 in plan administrative expenses for 2024: 0.80% of average plan assets, above the peer median. Employer contributions averaged $839 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 rose from 0.74% to 0.80%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Texas (4,603rd of 5,688), and 4,546th of 5,337 in construction. In 2024, employees put in $1.64 for every $1.00 the employer contributed; active participation has grown from 114 to 180 since 2022.

Plan summary
Net assets, end of year$2,948,903
Participants with balances176
Active participants180
Employer contributions$150,945
Employee contributions$246,884
Employer contribution per active participant$839
Average account balance$16,755
Benefits paid to participants$97,995
Plan auditUnmodified (clean) audit opinion
AuditorBROCKWAY,GERSBACH,FRANKLIN & NIEMEI
Plan history3
Yearassets · accounts · employer contribution
2024$2.9M · 176 accts · $151K emplr
2023$2.4M · 156 accts · $107K emplr
2022$1.9M · 136 accts · $100K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,495
Total administrative$21,495
The R. K. Bass Electric, Inc. 401(k) match · 2024
Employer contribution per active participant$839
Median for plans this size$1,313
2024$839 per active participant
2023$725 per active participant
2022$876 per active participant

R. K. Bass Electric, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20243
CAPITAL GROUP RETIREMENT PLAN SERVI$12,472
EDWARD D JONES & CO · Investment advisory (plan)$4,888
LOREN D STARK COMPANY · Contract administrator$4,254

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$21,495 · 0.80%
2023$18,993 · 0.87%
2022$15,125 · 0.74%
Similar plansConstruction · Texas
Homepro Operating, LLC TX$2.8M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742460205 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.