Plan Ledger DOL Form 5500 · updated monthly

Thompson Concrete Management, LTD401(k)

THOMPSON CONCRETE, LTD RETIREMENT SAVINGS PLAN · CARROLL, OH · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Thompson Concrete Management, LTD reported $45,332 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $1,440 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 0.44%. 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 Ohio (1,872nd of 3,295), and 2,903rd of 5,337 in construction. In 2024, employees put in $1.40 for every $1.00 the employer contributed; active participation has grown from 308 to 417 since 2022.

Plan summary
Net assets, end of year$11,421,135
Participants with balances325
Active participants417
Employer contributions$600,630
Employee contributions$838,142
Employer contribution per active participant$1,440
Average account balance$35,142
Benefits paid to participants$618,179
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 325 accts · $601K emplr
2023$9.4M · 311 accts · $404K emplr
2022$7.7M · 332 accts · $562K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,383
Investment management$24,949
Total administrative$45,332
The Thompson Concrete Management, LTD 401(k) match · 2024
Employer contribution per active participant$1,440
Median for plans this size$2,416
2024$1,440 per active participant
2023$1,155 per active participant
2022$1,826 per active participant

Thompson Concrete Management, LTD'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 · 20242
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$20,383
RETIREMENT PLANS INC. · Consulting · Investment advisory (plan)$24,949

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$45,332 · 0.44%
2023$37,538 · 0.44%
2022$35,406 · 0.43%
Similar plansConstruction · Ohio
Welty Building Company LTD. OH$11.8M · 0.66%
First Equity Holdings OH$10.9M · 0.56%
Mid-City Electric Company OH$10.7M · 0.54%
Zemba Bros., Inc. OH$10.7M · 0.73%
Obr Cooling Towers, Inc. OH$10.3M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201896001 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.