Plan Ledger DOL Form 5500 · updated monthly

Taconic Builders, Inc.401(k)

TACONIC BUILDERS 401(K) PLAN · MAMARONECK, NY · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Taconic Builders, Inc. reported $49,306 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,022 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 0.43% to 0.46%. 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 among the smaller plans on file in New York (3,405th of 5,648), and 2,890th of 5,337 in construction. In 2024, employees put in $1.66 for every $1.00 the employer contributed; active participation has grown from 104 to 125 since 2022.

Plan summary
Net assets, end of year$11,505,835
Participants with balances167
Active participants125
Employer contributions$377,784
Employee contributions$625,571
Employer contribution per active participant$3,022
Average account balance$68,897
Benefits paid to participants$328,911
Plan auditUnmodified (clean) audit opinion
AuditorBORIS BENIC & ASSOCIATES LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 167 accts · $378K emplr
2023$9.8M · 174 accts · $371K emplr
2022$8.0M · 177 accts · $329K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,911
Investment management$30,165
Audit (IQPA)$17,230
Total administrative$49,306
The Taconic Builders, Inc. 401(k) match · 2024
Employer contribution per active participant$3,022
Median for plans this size$2,416
2024$3,022 per active participant
2023$3,251 per active participant
2022$3,163 per active participant

Taconic Builders, Inc.'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 · 20243
FIRST REPUBLIC INVESTMENT MGMNT · Investment advisory (plan)$30,165
BORIS BENIC AND ASSOCIATES LLP · Accounting / audit$17,230
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,911

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$49,306 · 0.46%
2023$43,849 · 0.49%
2022$38,488 · 0.43%
Similar plansConstruction · New York
Warren W. Fane, Inc. NY$11.8M · 0.76%
Mega Contracting Group LLC NY$11.5M · 0.08%
Stone Source, LLC. NY$11.3M · 0.87%
Volmar Construction, Inc NY$11.2M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133423760 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.