Plan Ledger DOL Form 5500 · updated monthly

Ross & Sons Utility Contractor, Inc401(k)

ROSS & SONS UTILITY CONTRACTOR, INC. 401(K) PROFIT SHARING PLAN · LANEXA, VA · plan year 2024

Reported admin expense ratio · 2024
1.00%

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

Ross & Sons Utility Contractor, Inc reported $115,204 in plan administrative expenses for 2024: 1.00% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,909 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 0.15% to 1.00%. 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 among the smaller plans on file in Virginia (1,340th of 2,266), and 2,809th of 5,337 in construction. In 2024, the employer put in $1.10 for every $1.00 employees contributed themselves; active participation has grown from 111 to 136 since 2022.

Plan summary
Net assets, end of year$12,019,663
Participants with balances179
Active participants136
Employer contributions$395,655
Employee contributions$359,246
Employer contribution per active participant$2,909
Average account balance$67,149
Benefits paid to participants$730,801
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 179 accts · $396K emplr
2023$11.1M · 224 accts · $257K emplr
2022$9.3M · 206 accts · $63K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,483
Investment management$51,721
Total administrative$115,204
The Ross & Sons Utility Contractor, Inc 401(k) match · 2024
Employer contribution per active participant$2,909
Median for plans this size$2,416
2024$2,909 per active participant
2023$2,144 per active participant
2022$572 per active participant

Ross & Sons Utility Contractor, Inc'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
JOHN HANCOCK LIFE INS CO · Recordkeeping · Investment management$30,063
RAYMOND JAMES & ASSOCIATES · Investment advisory (participants)$29,240
RAYMOND JAMES & ASSOCIATES · Investment advisory (participants)$19,279

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$115,204 · 1.00%
2023$80,919 · 0.79%
2022$13,454 · 0.15%
Similar plansConstruction · Virginia
Hughes & Smith, Inc. VA$12.9M · 0.49%
S. B. Cox, Inc. VA$12.6M · 0.08%
The Matthews Group, Inc. VA$12.2M · 0.35%
Calvert Masonry, Inc. VA$11.7M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541316705 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.