Plan Ledger DOL Form 5500 · updated monthly

Standard Utility Construction, Inc.401(k)

STANDARD UTILITY CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN · FORT WORTH, TX · plan year 2024

Reported admin expense ratio · 2024
0.92%

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

Standard Utility Construction, Inc. reported $117,912 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,495 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 0.86% to 0.92%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 2,554th-largest of 5,688 plans among Texas employers on file, and the 2,596th of 5,337 in construction. In 2024, employees put in $1.68 for every $1.00 the employer contributed; active participation has grown from 288 to 371 since 2022.

Plan summary
Net assets, end of year$13,902,071
Participants with balances193
Active participants371
Employer contributions$554,570
Employee contributions$930,436
Employer contribution per active participant$1,495
Average account balance$72,031
Benefits paid to participants$800,777
Plan auditUnmodified (clean) audit opinion
AuditorSUTTON FROST CARY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.9M · 193 accts · $555K emplr
2023$11.8M · 175 accts · $503K emplr
2022$9.4M · 166 accts · $460K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,796
Investment management$49,116
Total administrative$117,912
The Standard Utility Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$1,495
Median for plans this size$2,416
2024$1,495 per active participant
2023$1,511 per active participant
2022$1,599 per active participant

Standard Utility Construction, Inc.'s 2024 employer contribution ran below the $2,416 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.

Administrative cost history3
2024$117,912 · 0.92%
2023$94,630 · 0.89%
2022$87,116 · 0.86%
Same employer
Similar plansConstruction · Texas
Mica Corporation TX$14.7M · 0.66%
Arch-Con Corporation TX$14.2M · 0.38%
Bar Constructors, Inc. TX$13.5M · 0.02%
First Texas Homes, Inc. TX$13.5M · 0.15%
Hull Associates, LLC TX$13.3M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752574579 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.