Plan Ledger DOL Form 5500 · updated monthly

Ser Construction Partners LLC401(k)

SER CONSTRUCTION PARTNERS LLC 401(K) PROFIT SHARING PLAN AND TRUST · PASADENA, TX · plan year 2023

Reported admin expense ratio · 2023
1.01%

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

Ser Construction Partners LLC reported $28,791 in plan administrative expenses for 2023: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $559 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 1 year on file its reported administrative ratio fell from 1.07% to 1.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Texas (4,513th of 5,688), and 4,457th of 5,337 in construction. In 2023, employees put in $1.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,258,048
Participants with balances95
Active participants396
Employer contributions$221,417
Employee contributions$324,209
Employer contribution per active participant$559
Average account balance$34,295
Benefits paid to participants$152,527
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$3.3M · 95 accts · $221K emplr
2022$2.5M · 93 accts · $420K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,985
Investment management$8,806
Total administrative$28,791
The Ser Construction Partners LLC 401(k) match · 2023
Employer contribution per active participant$559
Median for plans this size$1,308
2023$559 per active participant
2022$1,377 per active participant

Ser Construction Partners LLC's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
MBG RETIREMENT INC · Investment advisory (plan)$8,608
EMPOWER ADVISORY GROUP, LLC · Investment management$198

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

Administrative cost history2
2023$28,791 · 1.01%
2022$25,588 · 1.07%
Same employer
Similar plansConstruction · Texas
J.K. Wilson, Inc. TX$3.4M · 0.12%
Yc Partners, LTD., TX$3.4M · 0.77%
Empire Roofing, Inc. TX$3.3M · 0.47%
Capco Contractors, Inc. TX$3.3M · 0.05%
Noble Texas Builders, LLC TX$3.2M · 1.63%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 912098600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.