Plan Ledger DOL Form 5500 · updated monthly

Rudy L. Hawkins Electrical Contractor, Inc.401(k)

RUDY L. HAWKINS 401(K) PLAN · CHESTER, VA · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Rudy L. Hawkins Electrical Contractor, Inc. reported $51,075 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,438 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 0.32%. 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 1,083rd-largest of 2,266 plans among Virginia employers on file, and the 2,237th of 5,337 in construction. In 2024, employees put in $2.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,365,511
Participants with balances205
Active participants161
Employer contributions$392,526
Employee contributions$1,158,638
Employer contribution per active participant$2,438
Average account balance$84,710
Benefits paid to participants$739,496
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.4M · 205 accts · $393K emplr
2023$14.5M · 241 accts · $415K emplr
2022$11.8M · 219 accts · $411K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,530
Investment management$29,654
Total administrative$51,075
The Rudy L. Hawkins Electrical Contractor, Inc. 401(k) match · 2024
Employer contribution per active participant$2,438
Median for plans this size$2,416
2024$2,438 per active participant
2023$2,282 per active participant
2022$2,462 per active participant

Rudy L. Hawkins Electrical 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
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$15,530
CETERA ADVISOR NETWORKS · Investment advisory (participants) · Investment management$29,654
PBMARES, LLP · Other services$5,891

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$51,075 · 0.32%
2023$46,959 · 0.36%
2022$47,734 · 0.38%
Same employer
Similar plansConstruction · Virginia
F.G. Pruitt, Inc. VA$18.0M · 0.41%
Uniwest Construction, Inc. VA$16.3M · 0.36%
C.W. Strittmatter, Inc. VA$16.2M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541140243 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.