Plan Ledger DOL Form 5500 · updated monthly

Superior Paving Corp.401(k)

SUPERIOR PAVING CORP. AND ASSOCIATED COMPANIES RETIREMENT SAVINGS PLAN · GAINESVILLE, VA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Superior Paving Corp. reported $97,403 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $3,467 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 0.38% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 510th-largest of 2,266 plans among Virginia employers on file, and the 3,267th of 13,661 in manufacturing. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 293 to 452 since 2022.

Plan summary
Net assets, end of year$47,705,779
Participants with balances570
Active participants452
Employer contributions$1,567,048
Employee contributions$2,814,738
Employer contribution per active participant$3,467
Average account balance$83,694
Benefits paid to participants$4,675,298
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$47.7M · 570 accts · $1.6M emplr
2023$42.0M · 382 accts · $1.2M emplr
2022$36.4M · 368 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,403
Investment management$65,000
Total administrative$97,403
The Superior Paving Corp. 401(k) match · 2024
Employer contribution per active participant$3,467
Median for plans this size$2,416
2024$3,467 per active participant
2023$3,913 per active participant
2022$3,879 per active participant

Superior Paving Corp.'s 2024 employer contribution ran above 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.

Service providers · 20242
KESTRA INVESTMENT SERVICES LLC · Investment advisory (plan)$65,000

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$97,403 · 0.22%
2023$96,724 · 0.25%
2022$158,173 · 0.38%
Same employer
Similar plansManufacturing · Virginia
Fortis Solutions Group, LLC VA$52.7M · 0.00%
Liqui-Box Corporation VA$51.8M · 0.08%
Colonna's Shipyard, Inc. VA$46.2M · 0.34%
Qubicaamf Worldwide, LLC VA$42.4M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541012294 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.