Plan Ledger DOL Form 5500 · updated monthly

Tully Construction Co., Inc.401(k)

TULLY GROUP EMPLOYEE SAVINGS AND PROTECTION PLAN · FLUSHING, NY · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Tully Construction Co., Inc. reported $324,168 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,359 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 0.64%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 1,297th-largest of 5,648 plans among New York employers on file, and the 996th of 5,337 in construction. In 2024, employees put in $3.74 for every $1.00 the employer contributed; active participation has shrunk from 945 to 845 since 2022.

Plan summary
Net assets, end of year$53,872,554
Participants with balances1,139
Active participants845
Employer contributions$1,148,478
Employee contributions$4,290,195
Employer contribution per active participant$1,359
Average account balance$47,298
Benefits paid to participants$4,470,012
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.9M · 1,139 accts · $1.1M emplr
2023$46.8M · 924 accts · $1.0M emplr
2022$39.2M · 942 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$324,168
Total administrative$324,168
The Tully Construction Co., Inc. 401(k) match · 2024
Employer contribution per active participant$1,359
Median for plans this size$3,635
2024$1,359 per active participant
2023$1,050 per active participant
2022$1,060 per active participant

Tully Construction Co., Inc.'s 2024 employer contribution ran below the $3,635 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 · 20241
PCS RETIREMENT, LLC · Contract administrator · Recordkeeping$324,168

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

Recordkeeper by year2
2024PCS Retirement
2023PCS Retirement

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Administrative cost history3
2024$324,168 · 0.64%
2023$293,063 · 0.68%
2022$262,681 · 0.63%
Similar plansConstruction · New York
Gil-Bar Industries Inc NY$56.3M · 0.28%
Bette & Cring, LLC NY$53.7M · 0.10%
Jwd Group, Inc. NY$53.0M · 0.00%
Iovino Enterprises, LLC NY$50.0M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112493726 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.