Plan Ledger DOL Form 5500 · updated monthly

Rockford Construction Company, Inc.401(k)

ROCKFORD CONSTRUCTION CO. 401(K) RETIREMENT PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Rockford Construction Company, Inc. reported $100,395 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $2,194 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 0.28%. 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 644th-largest of 2,619 plans among Michigan employers on file, and the 1,282nd of 5,337 in construction. In 2024, employees put in $4.01 for every $1.00 the employer contributed; active participation has grown from 318 to 361 since 2022.

Plan summary
Net assets, end of year$38,272,036
Participants with balances395
Active participants361
Employer contributions$792,037
Employee contributions$3,172,297
Employer contribution per active participant$2,194
Average account balance$96,891
Benefits paid to participants$3,638,803
Plan auditUnmodified (clean) audit opinion
AuditorD.K. WEISS, HOLT & ASSOCIATES, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$38.3M · 395 accts · $792K emplr
2023$33.2M · 365 accts · $683K emplr
2022$27.3M · 367 accts · $653K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,090
Investment management$62,305
Total administrative$100,395
The Rockford Construction Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,194
Median for plans this size$2,416
2024$2,194 per active participant
2023$2,071 per active participant
2022$2,052 per active participant

Rockford Construction Company, Inc.'s 2024 employer contribution ran below 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 · 20242
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$57,499
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$38,090

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$100,395 · 0.28%
2023$71,012 · 0.23%
2022$109,623 · 0.38%
Same employer
Similar plansConstruction · Michigan
Kamminga & Roodvoets, Inc MI$44.1M · 0.03%
Three Rivers Corporation MI$41.8M · 0.40%
Owen-Ames-Kimball Co. MI$40.7M · 0.15%
Kent Companies, Inc. MI$36.6M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382774810 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.