Plan Ledger DOL Form 5500 · updated monthly

Thrasher, Inc.401(k)

THRASHER, INC. 401K PROFIT SHARING PLAN · PAPILLION, NE · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Thrasher, Inc. reported $139,308 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $1,458 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 0.45%. 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 168th-largest of 565 plans among Nebraska employers on file, and the 1,357th of 5,337 in construction. In 2024, employees put in $2.16 for every $1.00 the employer contributed; active participation has grown from 545 to 1,002 since 2022.

Plan summary
Net assets, end of year$35,634,545
Participants with balances592
Active participants1,002
Employer contributions$1,460,786
Employee contributions$3,155,735
Employer contribution per active participant$1,458
Average account balance$60,193
Benefits paid to participants$4,168,986
Plan auditUnmodified (clean) audit opinion
AuditorLENGEMANN & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$35.6M · 592 accts · $1.5M emplr
2023$26.7M · 408 accts · $1.0M emplr
2022$20.7M · 389 accts · $817K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$139,308
Total administrative$139,308
The Thrasher, Inc. 401(k) match · 2024
Employer contribution per active participant$1,458
Median for plans this size$2,416
2024$1,458 per active participant
2023$1,693 per active participant
2022$1,499 per active participant

Thrasher, 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$139,308
LPL FINANCIAL · Other servicesindirect comp
BENEFIT PLANS INC · Contract administrator · Other servicesindirect comp
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect comp

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$139,308 · 0.45%
2023$113,042 · 0.48%
2022$100,785 · 0.46%
Same employer
Similar plansConstruction · Nebraska
Cdm Investment Group, Inc. NE$34.8M · 0.80%
Landscapes Unlimited, LLC NE$34.5M · 0.28%
M.E. Collins Contracting NE$25.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383805565 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.