Plan Ledger DOL Form 5500 · updated monthly

Sullivan & McLaughlin Companies, Inc.401(k)

SULLIVAN & MCLAUGHLIN COMPANIES, INC. 401(K) PROFIT SHARING PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Sullivan & McLaughlin Companies, Inc. reported $48,698 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $4,370 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 fell from 0.24% to 0.22%. 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 1,161st-largest of 2,726 plans among Massachusetts employers on file, and the 1,796th of 5,337 in construction. In 2024, employees put in $2.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,889,902
Participants with balances135
Active participants125
Employer contributions$546,206
Employee contributions$1,247,511
Employer contribution per active participant$4,370
Average account balance$176,962
Benefits paid to participants$1,294,684
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.9M · 135 accts · $546K emplr
2023$20.4M · 131 accts · $531K emplr
2022$16.2M · 128 accts · $482K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,698
Investment management$18,000
Total administrative$48,698
The Sullivan & McLaughlin Companies, Inc. 401(k) match · 2024
Employer contribution per active participant$4,370
Median for plans this size$2,416
2024$4,370 per active participant
2023$4,460 per active participant
2022$3,986 per active participant

Sullivan & McLaughlin Companies, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$30,698
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$18,000

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$48,698 · 0.22%
2023$44,019 · 0.24%
2022$41,684 · 0.24%
Similar plansConstruction · Massachusetts
Lee Kennedy Co, Inc. MA$29.0M · 0.44%
Kelvin Group Co MA$27.1M · 0.40%
Callahan, Inc. MA$25.2M · 0.39%
P.A. Landers, Inc. MA$24.2M · 0.04%
Lorusso Corporation MA$21.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042454131 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.