Plan Ledger DOL Form 5500 · updated monthly

Schull Construction Company401(k)

SCHULL CONSTRUCTION CO. PROFIT SHARING PLAN WITH 401(K) FEATURE · WATERTOWN, SD · plan year 2022

Reported admin expense ratio · 2022
0.42%

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

Schull Construction Company reported $88,354 in plan administrative expenses for 2022: 0.42% of average plan assets, above the peer median. Employer contributions averaged $8,050 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 0.42% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other wholesale trade employers. By assets it is the 100th-largest of 233 plans among South Dakota employers on file, and the 2,048th of 4,246 in wholesale trade. In 2022, the employer put in $2.09 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$18,254,936
Participants with balances218
Active participants137
Employer contributions$1,102,850
Employee contributions$528,305
Employer contribution per active participant$8,050
Average account balance$83,738
Benefits paid to participants$3,910,527
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.5M · 187 accts · $324K emplr
2023$15.7M · 183 accts · $1000K emplr
2022$18.3M · 218 accts · $1.1M emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$41,721
Investment management$46,633
Total administrative$88,354
The Schull Construction Company 401(k) match · 2022
Employer contribution per active participant$8,050
Median for plans this size$2,266
2024$2,266 per active participant
2023$5,076 per active participant
2022$8,050 per active participant

Schull Construction Company's 2022 employer contribution ran above the $2,266 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.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024BENEFIT PLANS ADMIN SERVICES, INC.
2023BENEFIT PLANS ADMIN SERVICES, INC.

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

Administrative cost history3
2024$76,002 · 0.52%
2023$78,406 · 0.46%
2022$88,354 · 0.42%
Similar plansWholesale Trade · South Dakota
Grossenburg Implement, Inc. SD$45.7M · 0.29%
O'Connor Company, Inc. SD$30.1M · 0.22%
Consumers Supply Dist LLC SD$29.0M · 0.32%
M.G. Oil Company SD$12.7M · 0.28%
Jds Industries, Inc. SD$12.1M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460213257 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.