Plan Ledger DOL Form 5500 · updated monthly

Tsc Construction LLC401(k)

TSC CONSTRUCTION LLC RETIREMENT PLAN · JOHNSON CITY, NY · plan year 2024

Reported admin expense ratio · 2024
0.91%

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

Tsc Construction LLC reported $55,181 in plan administrative expenses for 2024: 0.91% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,925 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 0.91%. 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 New York (4,093rd of 5,648), and 3,602nd of 5,337 in construction. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has grown from 118 to 146 since 2022.

Plan summary
Net assets, end of year$6,938,792
Participants with balances168
Active participants146
Employer contributions$427,115
Employee contributions$874,025
Employer contribution per active participant$2,925
Average account balance$41,302
Benefits paid to participants$588,864
Plan auditUnmodified (clean) audit opinion
AuditorDAVIDSON, FOX & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 168 accts · $427K emplr
2023$5.2M · 152 accts · $351K emplr
2022$3.6M · 140 accts · $278K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,181
Total administrative$55,181
The Tsc Construction LLC 401(k) match · 2024
Employer contribution per active participant$2,925
Median for plans this size$1,313
2024$2,925 per active participant
2023$2,697 per active participant
2022$2,355 per active participant

Tsc Construction LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$55,187
NORTHWESTERN MUTUAL WEALTH MGMT · 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$55,181 · 0.91%
2023$38,134 · 0.87%
2022$31,269 · 0.87%
Similar plansConstruction · New York
Rozell Industries, Inc. NY$8.1M · 0.52%
Terry Tree Service, LLC. NY$6.9M · 0.65%
More Consulting Corp. NY$6.7M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204775110 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.