Suffolk Construction Company, Inc. 401(K) Retirement Plan — Form 5500 plan (Suffolk Construction Company, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Suffolk Construction Company, Inc. 401(K) Retirement Plan is a benefit plan reported by Suffolk Construction Company, Inc. under EIN 04-2776356 and plan number 001. The latest loaded filing year is 2023. The filing reports 2,764 participants and $279,995,066 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$280MPlan net assets, end of year$279,995,066
Participants2.8KCovered participants reported2,764
Assets / participant$101.3KComputed: assets ÷ participants$101,301 (computed)
Provider compensation$157.7K5 Schedule C provider row(s)$157,683
Plan sponsor
Suffolk Construction Company, Inc.
EIN
04-2776356
Plan number
001
Plan type
2
Location
Boston, MA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20232,764H, C20241004142537NAL0023932546001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$280M total assets
Net assets$280MLiabilities$0
Money in vs. money out
Total income / additions$84.3M
Total expenses$39.9M
Benefits paid / distributions$39.7M
Contributions
Employer$7.6M
Participant$23.2M
Full reported line items

Net assets

Total assets (EOY)
$279,995,066
Total liabilities (EOY)
$0
Net assets (EOY)
$279,995,066
Net assets (BOY)
$235,582,868

Income & contributions

Employer contributions
$7,610,820
Participant contributions
$23,188,747
Total contributions
$37,975,569
Total income / additions
$84,273,004

Expenses & distributions

Benefits paid
$39,665,636
Administrative expenses
$195,170
Total expenses
$39,860,806
Net increase / (decrease)
$44,412,198
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 25%Participant 75%
Total expenses ÷ net assets14%Computed ratio
Benefits paid ÷ total income47%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Fidelity Investments InstitutionalRECORDKEEPER$58,059$02023
Global Retirement Partners LLCADVISOR$35,417not reported in the loaded dataset2023
Strategic Advisors, Inc.ADVISOR$28,289not reported in the loaded dataset2023
Rsm Us LlpACCOUNTANT/AUDITOR$21,000not reported in the loaded dataset2023
Beacon Data Group, LLCCONSULTANT$14,918not reported in the loaded dataset2023

Related Form 5500 pages