Plan Ledger DOL Form 5500 · updated monthly

Wright-Ryan Construction, Inc.401(k) + ESOP (KSOP)

WRIGHT-RYAN CONSTRUCTION, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN · PORTLAND, ME · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Wright-Ryan Construction, Inc. reported $9,966 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,731 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 fell from 0.09% to 0.02%. 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 64th-largest of 354 plans among Maine employers on file, and the 1,007th of 5,337 in construction. In 2024, employees put in $3.19 for every $1.00 the employer contributed; active participation has shrunk from 114 to 98 since 2022.

Plan summary
Net assets, end of year$53,272,949
Participants with balances132
Active participants98
Employer contributions$267,652
Employee contributions$854,097
Employer contribution per active participant$2,731
Average account balance$403,583
Benefits paid to participants$550,861
Plan auditUnmodified (clean) audit opinion
AuditorCARON AND BLETZER, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$53.3M · 132 accts · $268K emplr
2023$37.9M · 124 accts · $259K emplr
2022$26.3M · 119 accts · $191K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,373
Total administrative$9,966
The Wright-Ryan Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$2,731
Median for plans this size$2,416
2024$2,731 per active participant
2023$2,616 per active participant
2022$1,674 per active participant

Wright-Ryan Construction, Inc.'s 2024 employer contribution ran above 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 · 20242
EPIC RETIREMENT PLAN SERVICES · Recordkeeping$8,482

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

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS, RETIREMENT DIRECT LLC

This plan has changed recordkeepers within these filings. If you left Wright-Ryan Construction, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$9,966 · 0.02%
2023$19,268 · 0.06%
2022$22,784 · 0.09%
Similar plansConstruction · Maine
Johnson & Jordan, Inc. ME$71.0M · 0.16%
Revision Energy Inc. ME$54.3M · 0.06%
Abm Mechanical, Inc. ME$47.9M · 0.09%
Reed and Reed ME$40.9M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010395961 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.