Plan Ledger DOL Form 5500 · updated monthly

Suffolk Construction Company, Inc.401(k)

SUFFOLK CONSTRUCTION COMPANY, INC. 401(K) RETIREMENT PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Suffolk Construction Company, Inc. reported $314,993 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $3,312 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 0.00% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 164th-largest of 2,726 plans among Massachusetts employers on file, and the 209th of 5,337 in construction. In 2024, employees put in $3.56 for every $1.00 the employer contributed; active participation has grown from 1,826 to 2,173 since 2022.

Plan summary
Net assets, end of year$336,415,812
Participants with balances2,743
Active participants2,173
Employer contributions$7,196,145
Employee contributions$25,610,239
Employer contribution per active participant$3,312
Average account balance$122,645
Benefits paid to participants$27,361,156
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$336.4M · 2,743 accts · $7.2M emplr
2023$280.0M · 2,624 accts · $7.6M emplr
2022$235.6M · 2,697 accts · $7.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$114,007
Investment management$167,488
Audit (IQPA)$33,498
Total administrative$314,993
The Suffolk Construction Company, Inc. 401(k) match · 2024
Employer contribution per active participant$3,312
Median for plans this size$4,294
2024$3,312 per active participant
2023$3,933 per active participant
2022$3,905 per active participant

Suffolk Construction Company, Inc.'s 2024 employer contribution ran below the $4,294 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$114,007
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$85,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$82,488
RSM US LLP · Accounting / audit$35,176

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$314,993 · 0.10%
2023$195,170 · 0.08%
2022$12,128 · 0.00%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 042776356 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.