Plan Ledger DOL Form 5500 · updated monthly

Townsend Tree Service Company, Inc.401(k)

TOWNSEND TREE SERVICE COMPANY, INC. SALARIED EMPLOYEES RETIREMENT SAVINGS PLAN · MUNCIE, IN · plan year 2023

Reported admin expense ratio · 2023
0.39%

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

Townsend Tree Service Company, Inc. reported $49,634 in plan administrative expenses for 2023: 0.39% of average plan assets, above the peer median. Employer contributions averaged $708 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 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 754th-largest of 1,562 plans among Indiana employers on file, and the 2,612th of 5,337 in construction. In 2023, employees put in $5.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,754,158
Participants with balances96
Active participants210
Employer contributions$148,708
Employee contributions$814,033
Employer contribution per active participant$708
Average account balance$143,272
Benefits paid to participants$1,101,824
Plan auditUnmodified (clean) audit opinion
AuditorBLUE & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$12.2M · 89 accts · $138K emplr
2023$13.8M · 96 accts · $149K emplr
2022$11.8M · 103 accts · $145K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$49,634
Total administrative$49,634
The Townsend Tree Service Company, Inc. 401(k) match · 2023
Employer contribution per active participant$708
Median for plans this size$2,440
2024$679 per active participant
2023$708 per active participant
2022$667 per active participant

Townsend Tree Service Company, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
FIRST MERCHANTS TRUST COMPANY · Recordkeeping · Trustee$49,634

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

Recordkeeper by year2
2024FIRST MERCHANTS TRUST COMPANY
2023FIRST MERCHANTS TRUST COMPANY

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

Administrative cost history3
2024$52,083 · 0.40%
2023$49,634 · 0.39%
2022$51,539 · 0.39%
All plans at this employer2
TOWNSEND TREE SERVICE COMPANY, INC. SALARIED EMPLOYEES RETIREMENT SAVINGS PLAN401(k)
TOWNSEND TREE SERVICE COMPANY, INC. HOURLY EMPLOYEES RETIREMENT SAVINGS PLAN401(k)
Same employer
Similar plansConstruction · Indiana
Reynolds Construction, LLC IN$15.9M · 0.32%
Mep Holding Company Inc. IN$14.7M · 0.08%
Crg Residential, LLC IN$12.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351038926 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.