Plan Snapshot
- Plan Sponsor: Pleasants Construction, INC
- Sponsor EIN: 521745292
- Sponsor Address: 24012 FREDERICK ROAD, CLARKSBURG, MD, 208719718
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 831
- Total Assets: $28.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 831 | $28.0M | $0 | $0 |
| 2024 | 762 | $24.2M | $612,922 | $2.8M |
| 2023 | 702 | $20.5M | $536,767 | $2.5M |
| 2022 | 663 | $17.1M | $445,712 | $2.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $132,174 | — | $132,174 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | — | $31,472 | $31,472 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $163,646
- Estimated Expense Ratio: 0.585% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $3,815,032 | — | $132,279 | — | — |
| 2024 | $108,787 | — | $108,787 | — | — |
| 2023 | $106,468 | — | $106,468 | — | — |
| 2022 | $70,042 | — | $70,042 | — | — |