Plan Ledger DOL Form 5500 · updated monthly

Sierra Construction Company, Inc.401(k)

SIERRA CONSTRUCTION COMPANY, INC. PROFIT SHARING RETIREMENT PLAN · WOODINVILLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Sierra Construction Company, Inc. reported $185,682 in plan administrative expenses for 2024: 0.34% of average plan assets, higher than ~75% of peers. Employer contributions averaged $14,941 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 3 years on file its reported administrative ratio has held roughly steady near 0.34%. 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 294th-largest of 1,714 plans among Washington employers on file, and the 932nd of 5,337 in construction. In 2024, the employer put in $1.55 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$58,733,033
Participants with balances203
Active participants190
Employer contributions$2,838,721
Employee contributions$1,831,298
Employer contribution per active participant$14,941
Average account balance$289,325
Benefits paid to participants$4,570,061
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$58.7M · 203 accts · $2.8M emplr
2023$50.5M · 186 accts · $2.6M emplr
2022$39.0M · 190 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$152,352
Investment management$32,980
Total administrative$185,682
The Sierra Construction Company, Inc. 401(k) match · 2024
Employer contribution per active participant$14,941
Median for plans this size$3,635
2024$14,941 per active participant
2023$15,150 per active participant
2022$14,629 per active participant

Sierra Construction Company, Inc.'s 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
PENSION DESIGN & ADMINISTRATION INC$12,728
CBIZ BERNTSON PORTER$11,750
VOYA RETIREMENT INS AND ANNUITY CO · Investment advisory (participants)$8,502
PENSION DESIGN & ADMINISTRATION INC · Other servicesindirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp

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$185,682 · 0.34%
2023$142,793 · 0.32%
2022$149,274 · 0.36%
Same employer
Similar plansConstruction · Washington
W. Lease Lewis Company WA$72.5M · 0.05%
Apollo, Inc. WA$71.7M · 0.31%
Prairie Electric, Inc. WA$69.0M · 0.39%
Ats Automation, Inc. WA$63.9M · 0.06%
Graham Group (US) Inc. WA$58.3M · 0.35%
W.G. Clark Construction Co. WA$56.6M · 0.25%
Lydig Construction, Inc. WA$54.2M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911345528 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.