Plan Ledger DOL Form 5500 · updated monthly

Shapiro & Duncan Inc.401(k)

SHAPIRO & DUNCAN, INC. EMPLOYEE 401(K) PLAN · ROCKVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Shapiro & Duncan Inc. reported $75,160 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $5,463 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 0.46% to 0.15%. 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 305th-largest of 1,671 plans among Maryland employers on file, and the 998th of 5,337 in construction. In 2024, employees put in $1.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$53,786,443
Participants with balances420
Active participants359
Employer contributions$1,961,206
Employee contributions$2,698,316
Employer contribution per active participant$5,463
Average account balance$128,063
Benefits paid to participants$3,061,271
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.8M · 420 accts · $2.0M emplr
2023$46.9M · 421 accts · $2.0M emplr
2022$38.8M · 414 accts · $2.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,160
Total administrative$75,160
The Shapiro & Duncan Inc. 401(k) match · 2024
Employer contribution per active participant$5,463
Median for plans this size$3,635
2024$5,463 per active participant
2023$5,721 per active participant
2022$8,618 per active participant

Shapiro & Duncan Inc.'s 2024 employer contribution ran above the $3,635 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 · 20242
KESTRA ADVISORY SERVICES LLC · Investment advisory (plan)$28,940

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

Administrative cost history3
2024$75,160 · 0.15%
2023$135,787 · 0.32%
2022$185,013 · 0.46%
Same employer
Similar plansConstruction · Maryland
Enviva Inc. MD$65.6M · 0.30%
Miller & Long Co., Inc. MD$63.4M · 0.18%
Gray & Son, Inc. MD$63.0M · 0.31%
Boland Trane Services, Inc. MD$56.2M · 0.21%
Havtech Investments LLC MD$52.8M · 0.16%
Drb Enterprises, LLC MD$49.7M · 0.40%
Grunley Construction, Inc. MD$47.3M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521069819 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.