Plan Ledger DOL Form 5500 · updated monthly

Rodgers Builders, Inc.401(k)

RODGERS BUILDERS, INC. 401(K) PROFIT SHARING PLAN · CHARLOTTE, NC · plan year 2024

Employer contribution per participant · 2024
$8,253

Rodgers Builders, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $68,090,372 across 365 participant accounts, with employer contributions averaging $8,253 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.11% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 297th-largest of 2,005 plans among North Carolina employers on file, and the 844th of 5,337 in construction. In 2024, employees put in $1.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$68,090,372
Participants with balances365
Active participants285
Employer contributions$2,352,073
Employee contributions$3,694,270
Employer contribution per active participant$8,253
Average account balance$186,549
Benefits paid to participants$6,279,311
Plan auditUnmodified (clean) audit opinion
AuditorJ. RONALD MARTIN, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$68.1M · 365 accts · $2.4M emplr
2023$59.7M · 354 accts · $1.1M emplr
2022$50.5M · 357 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Investment management$52,061
Total administrative-$3,714
The Rodgers Builders, Inc. 401(k) match · 2024
Employer contribution per active participant$8,253
Median for plans this size$3,635
2024$8,253 per active participant
2023$4,095 per active participant
2022$4,130 per active participant

Rodgers Builders, Inc.'s 2024 employer contribution ran above the $3,635 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.

Service providers · 20242
MORGAN STANLEY SMITH BARNEY · Investment advisory (plan)$52,061
FIDELITY INVESTMENTS INSTITUTIONAL · 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
2024Not separately reported
2023$20,475 · 0.04%
2022$59,045 · 0.11%
Same employer
Similar plansConstruction · North Carolina
Crowder Constructors Inc. NC$76.3M · 0.26%
S.T. Wooten Corporation NC$74.4M · 0.33%
Jf Acquistion, LLC NC$67.5M · 0.61%
Baker Roofing Company, LLC NC$57.3M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560798195 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.