Plan Ledger DOL Form 5500 · updated monthly

Twg Development, LLC401(k)

TWG DEVELOPMENT 401(K) PLAN · INDIANAPOLIS, IN · plan year 2023

Reported admin expense ratio · 2023
0.63%

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

Twg Development, LLC reported $50,743 in plan administrative expenses for 2023: 0.63% of average plan assets, above the peer median. Employer contributions averaged $3,595 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 0.56% to 1.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Indiana (945th of 1,562), and 3,268th of 5,337 in construction. In 2023, employees put in $1.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,808,658
Participants with balances346
Active participants228
Employer contributions$819,598
Employee contributions$1,173,610
Employer contribution per active participant$3,595
Average account balance$25,459
Benefits paid to participants$1,862,626
Plan auditUnmodified (clean) audit opinion
AuditorKATZ, SAPPER, & MILLER
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 297 accts · $418K emplr
2023$8.8M · 346 accts · $820K emplr
2022$7.3M · 323 accts · $741K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,102
Investment management$39,641
Total administrative$50,743
The Twg Development, LLC 401(k) match · 2023
Employer contribution per active participant$3,595
Median for plans this size$1,308
2024$2,457 per active participant
2023$3,595 per active participant
2022$3,249 per active participant

Twg Development, LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
LAKE STREET FINANCIAL LLC · Investment advisory (plan)$33,842
EMPOWER ADVISORY GROUP, LLC · Investment management$5,799
ALLIANCE PENSION CONSULTANTS LLC · Contract administrator$540

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$133,562 · 1.52%
2023$50,743 · 0.63%
2022$42,914 · 0.56%
Similar plansConstruction · Indiana
J. C. Hart Company, Inc. IN$11.3M · 0.52%
Bone Dry Roofing, Inc. IN$9.7M · 0.86%
Niblock Excavating, Inc IN$9.5M · 0.28%
Trinitas Ventures, LLC IN$8.8M · 0.61%
Gemco Constructors, LLC IN$8.6M · 0.10%
Jack Laurie Floors, LLC IN$8.3M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320208069 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.