Plan Ledger DOL Form 5500 · updated monthly

Towne Construction Services, LLC401(k)

TOWNE CONSTRUCTION SERVICES, LLC RETIREMENT SAVINGS PLAN · BATAVIA, OH · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Towne Construction Services, LLC reported $3,750 in plan administrative expenses for 2024: 0.18% of average plan assets, lower than ~75% of peers. Employer contributions averaged $824 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 0.18%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Ohio (2,957th of 3,295), and 4,713th of 5,337 in construction. In 2024, employees put in $2.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,392,668
Participants with balances201
Active participants115
Employer contributions$94,793
Employee contributions$223,724
Employer contribution per active participant$824
Average account balance$11,904
Benefits paid to participants$146,215
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.4M · 201 accts · $95K emplr
2023$1.9M · 187 accts · $92K emplr
2022$1.4M · 165 accts · $101K emplr
The Towne Construction Services, LLC 401(k) match · 2024
Employer contribution per active participant$824
Median for plans this size$1,313
2024$824 per active participant
2023$751 per active participant
2022$873 per active participant

Towne Construction Services, LLC's 2024 employer contribution ran below the $1,313 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
CREATIVE RETIREMENT SYSTEMS · Recordkeeping · Loan processing$1,500
LATITUDE SERVICE COMPANY, INC. · Recordkeeping · Loan processing$1,125
CAPITAL RESEARCH AND MANAGEMENT CO. · Accounting / audit · Claims processing$1,125

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

Recordkeeper by year2
2024CREATIVE RETIREMENT SYSTEMS, LATITUDE SERVICE COMPANY, INC.
2023LATITUDE SERVICE COMPANY, INC

This plan has changed recordkeepers within these filings. If you left Towne Construction Services, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$3,750 · 0.18%
2023$1,939 · 0.12%
2022$1,798 · 0.12%
Similar plansConstruction · Ohio
Fairfield Homes, Inc. OH$3.1M · 0.82%
Rusk Industries, Inc. OH$1.7M · 1.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202674585 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.