Plan Ledger DOL Form 5500 · updated monthly

Rand Construction Corporation401(k)

RAND CONSTRUCTION CORPORATION 401(K) RETIREMENT PLAN · ALEXANDRIA, VA · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Rand Construction Corporation reported $96,725 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $3,107 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 0.45% to 0.39%. 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 797th-largest of 2,266 plans among Virginia employers on file, and the 1,646th of 5,337 in construction. In 2024, employees put in $2.72 for every $1.00 the employer contributed; active participation has grown from 287 to 334 since 2022.

Plan summary
Net assets, end of year$27,024,957
Participants with balances434
Active participants334
Employer contributions$1,037,640
Employee contributions$2,819,671
Employer contribution per active participant$3,107
Average account balance$62,269
Benefits paid to participants$2,852,528
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.0M · 434 accts · $1.0M emplr
2023$22.1M · 389 accts · $894K emplr
2022$15.6M · 348 accts · $666K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,819
Investment management$43,906
Total administrative$96,725
The Rand Construction Corporation 401(k) match · 2024
Employer contribution per active participant$3,107
Median for plans this size$2,416
2024$3,107 per active participant
2023$2,829 per active participant
2022$2,320 per active participant

Rand Construction Corporation's 2024 employer contribution ran above the $2,416 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
ADP, INC. · Loan processing · Recordkeeping$52,819
LION STREET ADVISORS, LLC · Recordkeeping · Trustee$43,906
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, LION STREET ADVISORS, LLC
2023ADP, LION STREET ADVISORS, LLC

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Administrative cost history3
2024$96,725 · 0.39%
2023$81,289 · 0.43%
2022$74,563 · 0.45%
Same employer
Similar plansConstruction · Virginia
Hourigan Construction Corp. VA$30.0M · 0.33%
Waco, Inc. VA$27.6M · 0.24%
C. J. Coakley Co., Inc. VA$25.3M · 0.73%
Slurry Pavers, Inc. VA$22.6M · 0.03%
Cranemasters Inc VA$22.5M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541506165 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.