Plan Ledger DOL Form 5500 · updated monthly

Spanish Springs Construction IncMoney purchase plan

SPANISH SPRINGS CONSTRUCTION INC DAVIS-BACON PENSION PLAN & TRUST · RENO, NV · plan year 2024

Reported admin expense ratio · 2024
1.04%

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

Spanish Springs Construction Inc reported $49,294 in plan administrative expenses for 2024: 1.04% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,172 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 1.04%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Nevada (287th of 437), and 4,004th of 5,337 in construction. active participation has grown from 128 to 241 since 2022.

Plan summary
Net assets, end of year$4,930,748
Participants with balances123
Active participants241
Employer contributions$282,509
Employee contributions$0
Employer contribution per active participant$1,172
Average account balance$40,087
Benefits paid to participants$414,863
Plan auditUnmodified (clean) audit opinion
AuditorDAHLIN ACCOUNTING & CONSULTING LLC
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 123 accts · $283K emplr
2023$4.5M · 143 accts · $927K emplr
2022$3.3M · 129 accts · $554K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,423
Investment management$23,871
Audit (IQPA)$8,000
Total administrative$49,294
Employer contributions to the Spanish Springs Construction Inc plan · 2024
Employer contribution per active participant$1,172
Median for plans this size$1,313
2024$1,172 per active participant
2023$4,032 per active participant
2022$4,328 per active participant

Spanish Springs Construction Inc's 2024 employer contribution ran below the $1,313 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 · 20244
M GROUP INVESTMENT ADVISORY · Pension consulting · Investment advisory (plan)$23,812
DAVIS BACON PENSION PLANS INC · Contract administrator · Other services$9,244
EMPOWER ADVISORY GROUP · Investment advisory (participants)$59

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$49,294 · 1.04%
2023$36,758 · 0.93%
2022$35,055 · 0.99%
Similar plansConstruction · Nevada
Patriot Contractors, LLC NV$8.5M · 0.00%
Goettl Home Services, LLC NV$6.9M · 0.15%
Blue Heron Companies, LLC NV$5.4M · 0.27%
Hirschi Companies, LLC NV$4.4M · 0.12%
R. P. Weddell & Sons Co. NV$4.2M · 1.98%
V.T. Construction, Inc. NV$3.9M · 1.34%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 201942811 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.