Plan Ledger DOL Form 5500 · updated monthly

Thompson Thrift Construction, Inc.401(k)

THOMPSON THRIFT RETIREMENT PLAN · TERRE HAUTE, IN · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Thompson Thrift Construction, Inc. reported $114,685 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $3,863 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 0.32% to 0.28%. 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 the 308th-largest of 1,562 plans among Indiana employers on file, and the 1,116th of 5,337 in construction. In 2024, employees put in $2.32 for every $1.00 the employer contributed; active participation has grown from 546 to 630 since 2022.

Plan summary
Net assets, end of year$45,960,484
Participants with balances749
Active participants630
Employer contributions$2,433,542
Employee contributions$5,651,629
Employer contribution per active participant$3,863
Average account balance$61,362
Benefits paid to participants$2,904,809
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$46.0M · 749 accts · $2.4M emplr
2023$34.8M · 671 accts · $2.2M emplr
2022$26.5M · 594 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$114,685
Total administrative$114,685
The Thompson Thrift Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$3,863
Median for plans this size$2,416
2024$3,863 per active participant
2023$3,811 per active participant
2022$3,467 per active participant

Thompson Thrift Construction, 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 · 20242
SHEPHERD FINANCIAL INVESTMENT ADVIS · Investment advisory (plan)$25,996

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$114,685 · 0.28%
2023$97,608 · 0.32%
2022$83,653 · 0.32%
Same employer
Similar plansConstruction · Indiana
Performance Services, Inc. IN$52.2M · 0.27%
Badger Daylighting Corp. IN$45.2M · 0.36%
Wilhelm Construction, Inc. IN$42.7M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351941978 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.