Plan Ledger DOL Form 5500 · updated monthly

Veteran Pipeline Construction Inc. dba Accu-Bore Directional401(k)

CHARGE EPC RETIREMENT TRUST · SACRAMENTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Veteran Pipeline Construction Inc. dba Accu-Bore Directional reported $44,977 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,388 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 0.340%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 4,441st-largest of 9,483 plans among California employers on file, and the 2,507th of 5,337 in construction. In 2024, employees put in $2.13 for every $1.00 the employer contributed; active participation has grown from 418 to 471 since 2022.

Plan summary
Net assets, end of year$14,678,219
Participants with balances199
Active participants471
Employer contributions$653,916
Employee contributions$1,391,467
Employer contribution per active participant$1,388
Average account balance$73,760
Benefits paid to participants$2,373,137
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.7M · 199 accts · $654K emplr
2023$11.8M · 158 accts · $539K emplr
2022$8.5M · 149 accts · $861K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,472
Investment management$23,505
Total administrative$44,977
The Veteran Pipeline Construction Inc. dba Accu-Bore Directional 401(k) match · 2024
Employer contribution per active participant$1,388
Median for plans this size$2,416
2024$1,388 per active participant
2023$1,165 per active participant
2022$2,060 per active participant

Veteran Pipeline Construction Inc. dba Accu-Bore Directional's 2024 employer contribution ran below the $2,416 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 · 20245
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)$23,501
PRINCIPLE LIFE INSURANCE COMPANY · Contract administrator · Loan processing$21,091
ASCENSUS · Contract administrator · Other services$380
RAYMOND JAMES INSURANCE GROUP INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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$44,977 · 0.34%
2023$38,597 · 0.38%
2022$27,656 · 0.34%
Similar plansConstruction · California
Nordic Industries, Inc. CA$15.2M · 0.51%
S.B.C.C., Inc. CA$15.2M · 0.86%
Gothic Landscaping, Inc. CA$14.8M · 0.08%
Crew, Inc. CA$14.4M · 0.50%
Arrow Drillers, Inc. CA$14.3M · 0.49%
Johnstone Moyer, Inc. CA$14.3M · 0.41%
Vision Systems, Inc. CA$14.2M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272556492 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.