Plan Ledger DOL Form 5500 · updated monthly

Thomas Concrete Industries, Inc.401(k)

THOMAS CONCRETE, INC. 401(K) PROFIT SHARING PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

Thomas Concrete Industries, Inc. reported $392,947 in plan administrative expenses for 2024: 0.80% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,153 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 0.46% to 0.80%. 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 444th-largest of 2,160 plans among Georgia employers on file, and the 3,021st of 13,661 in manufacturing. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$53,041,459
Participants with balances1,285
Active participants1,371
Employer contributions$2,951,803
Employee contributions$4,580,254
Employer contribution per active participant$2,153
Average account balance$41,277
Benefits paid to participants$4,758,071
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.0M · 1,285 accts · $3.0M emplr
2023$45.4M · 1,200 accts · $2.6M emplr
2022$38.5M · 1,027 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$392,947
Total administrative$392,947
The Thomas Concrete Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$2,153
Median for plans this size$2,416
2024$2,153 per active participant
2023$1,982 per active participant
2022$1,817 per active participant

Thomas Concrete Industries, Inc.'s 2024 employer contribution ran below 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
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$175,460
FUTUREPLAN BY ASCENSUS · Recordkeeping · Loan processing$59,253
G.W. HENSSLER & ASSOCIATES, LTD. · Investment advisory (plan)$46,079

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ascensus, Transamerica
2023Ascensus, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$392,947 · 0.80%
2023$213,688 · 0.51%
2022$192,851 · 0.46%
Same employer
Similar plansManufacturing · Georgia
Mtc US Corp. GA$54.4M · 0.33%
Eis Legacy, LLC GA$54.4M · 0.17%
Eis Buyer, LLC GA$51.9M · 0.03%
Tensar Holdings LLC GA$50.1M · 0.03%
Toto USA, Inc. GA$49.5M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592820172 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.