Plan Ledger DOL Form 5500 · updated monthly

T & T Electrical Contractors, Inc.401(k)

T & T ELECTRICAL CONTRACTORS, INC. RETIREMENT PLAN · HARTFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

T & T Electrical Contractors, Inc. reported $41,371 in plan administrative expenses for 2024: 0.68% of average plan assets, above the peer median. Employer contributions averaged $4,133 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 3 years on file its reported administrative ratio has held roughly steady near 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Connecticut (853rd of 1,106), and 3,628th of 5,337 in construction. In 2024, the employer put in $1.55 for every $1.00 employees contributed themselves; active participation has grown from 81 to 125 since 2022.

Plan summary
Net assets, end of year$6,733,369
Participants with balances106
Active participants125
Employer contributions$516,610
Employee contributions$333,860
Employer contribution per active participant$4,133
Average account balance$63,522
Benefits paid to participants$250,803
Plan auditUnmodified (clean) audit opinion
AuditorGITLIN & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 106 accts · $517K emplr
2023$5.5M · 124 accts · $230K emplr
2022$4.2M · 120 accts · $247K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,985
Investment management$15,386
Total administrative$41,371
The T & T Electrical Contractors, Inc. 401(k) match · 2024
Employer contribution per active participant$4,133
Median for plans this size$1,313
2024$4,133 per active participant
2023$1,812 per active participant
2022$3,047 per active participant

T & T Electrical Contractors, Inc.'s 2024 employer contribution ran above the $1,313 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
MERRILL LYNCH - EPS · Investment advisory (participants)$9,232
MERRILL LYNCH - FAS · Investment advisory (participants)$6,154

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$41,371 · 0.68%
2023$32,024 · 0.66%
2022$29,578 · 0.66%
Similar plansConstruction · Connecticut
The Morganti Group, Inc. CT$10.6M · 0.51%
Banton Construction Company CT$10.1M · 0.67%
Nosal Builders, Inc. CT$8.0M · 0.26%
Haynes Group Inc. CT$5.9M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061408153 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.