Plan Ledger DOL Form 5500 · updated monthly

Specialty Construction Supply, LLC401(k)

SPECIALTY CONSTRUCTION SUPPLY RETIREMENT PLAN · MERIDIAN, ID · plan year 2023

Reported admin expense ratio · 2023
1.02%

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

Specialty Construction Supply, LLC reported $12,550 in plan administrative expenses for 2023: 1.02% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,227 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 1.08% to 1.22%. 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 Idaho (314th of 349), and 5,026th of 5,337 in construction. In 2023, the employer put in $4.21 for every $1.00 employees contributed themselves; active participation has grown from 91 to 106 since 2022.

Plan summary
Net assets, end of year$1,283,380
Participants with balances171
Active participants106
Employer contributions$236,098
Employee contributions$56,030
Employer contribution per active participant$2,227
Average account balance$7,505
Benefits paid to participants$358,982
Plan auditUnmodified (clean) audit opinion
AuditorHARRIS CPAS P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$1.3M · 148 accts · $92K emplr
2023$1.3M · 171 accts · $236K emplr
2022$1.2M · 141 accts · $46K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$12,550
Total administrative$12,550
The Specialty Construction Supply, LLC 401(k) match · 2023
Employer contribution per active participant$2,227
Median for plans this size$1,308
2024$794 per active participant
2023$2,227 per active participant
2022$503 per active participant

Specialty Construction Supply, LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
STANCORP FINANCIAL GROUP, INC., · Recordkeeping · Accounting / audit$12,883
AMERIBEN · Recordkeeping · Loan processing$4,716
CONTINENTAL INVESTORS SERVICES, INC · Investment advisory (plan)$5,548
BENEFITS2 ADMINISTRATORS LLC · Contract administrator$378

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

Recordkeeper by year2
2024The Standard
2023AMERIBEN, The Standard

This plan has changed recordkeepers within these filings. If you left Specialty Construction Supply, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$15,524 · 1.22%
2023$12,550 · 1.02%
2022$14,973 · 1.08%
Similar plansConstruction · Idaho
Kemper Northwest Inc. ID$3.5M · 0.32%
Kit Homebuilders West LLC ID$3.3M · 0.13%
Wal-Rose Inc FL$1.3M · 0.82%
Norhart Inc. MN$1.3M · 0.12%
4X Industrial, LLC CO$1.3M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208122260 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.