Plan Ledger DOL Form 5500 · updated monthly

W. M. Jordan Company, Inc.401(k)

W.M. JORDAN COMPANY, INC. PROFIT SHARING/401(K) PLAN · NEWPORT NEWS, VA · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

W. M. Jordan Company, Inc. reported $106,492 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $1,056 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 0.18%. 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 405th-largest of 2,266 plans among Virginia employers on file, and the 881st of 5,337 in construction. In 2024, employees put in $10.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$63,994,689
Participants with balances361
Active participants309
Employer contributions$326,233
Employee contributions$3,510,746
Employer contribution per active participant$1,056
Average account balance$177,271
Benefits paid to participants$4,520,545
Plan auditUnmodified (clean) audit opinion
AuditorBROWN, EDWARDS, & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$64.0M · 361 accts · $326K emplr
2023$56.8M · 347 accts · $309K emplr
2022$48.6M · 354 accts · $300K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,505
Investment management$39,987
Total administrative$106,492
The W. M. Jordan Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,056
Median for plans this size$3,635
2024$1,056 per active participant
2023$1,079 per active participant
2022$1,027 per active participant

W. M. Jordan Company, 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$66,504
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$29,980
WELLTH ADVISORY SERVICES, LLC · Investment advisory (plan)$9,993
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$106,492 · 0.18%
2023$95,947 · 0.18%
2022$93,703 · 0.17%
Same employer
Similar plansConstruction · Virginia
L F Jennings Inc. VA$86.0M · 0.17%
Southern Air Inc. VA$70.2M · 0.12%
Damuth Services, Inc. VA$64.8M · 0.06%
Groundworks Operations, LLC VA$62.5M · 0.38%
Pave America Interco, LLC VA$47.0M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540637212 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.