Plan Ledger DOL Form 5500 · updated monthly

Thorpe Specialty Services Corporation401(k)

THORPE SPECIALTY SERVICES CORPORATION 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Thorpe Specialty Services Corporation reported $86,852 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $786 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 0.12% to 0.32%. 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 1,609th-largest of 5,688 plans among Texas employers on file, and the 1,598th of 5,337 in construction. In 2024, employees put in $1.85 for every $1.00 the employer contributed; active participation has grown from 584 to 853 since 2022.

Plan summary
Net assets, end of year$28,146,796
Participants with balances265
Active participants853
Employer contributions$670,576
Employee contributions$1,242,182
Employer contribution per active participant$786
Average account balance$106,214
Benefits paid to participants$3,305,682
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.1M · 265 accts · $671K emplr
2023$26.2M · 246 accts · $565K emplr
2022$26.7M · 258 accts · $306K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,011
Investment management$25,148
Audit (IQPA)$42,693
Total administrative$86,852
The Thorpe Specialty Services Corporation 401(k) match · 2024
Employer contribution per active participant$786
Median for plans this size$2,416
2024$786 per active participant
2023$895 per active participant
2022$523 per active participant

Thorpe Specialty Services Corporation's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20244
MOSS ADAMS LLP · Accounting / audit$42,693
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$23,646
EMPOWER ADVISORY GROUP, LLC · Investment management$1,502

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$86,852 · 0.32%
2023$42,986 · 0.16%
2022$36,936 · 0.12%
Same employer
Similar plansConstruction · Texas
Ccc Group, Inc. TX$29.7M · 1.00%
T-N-T Crane & Rigging, Inc. TX$29.1M · 0.28%
Airco Mechanical, LTD. TX$27.8M · 0.14%
Reece Albert, Inc. TX$25.1M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453454901 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.