Department of Labor filing

BI-CON SERVICES, INC.

BI-CON SERVICES, INC. 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Aug 29, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

65filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$6,280

Reported employer contributions per active participant.

Higher than about 84% of comparable plans

#People in the filing

381

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$330 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 19% of comparable plans

↗Investment performance

Not available

Plan assets changed 16.6%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202465out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions84th percentileTypical peer $2,494 · based on 366 comparable plans

Lower reported administrative expense19th percentileTypical peer $176 · based on 376 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, BI-CON SERVICES, INC. reported $2,392,794 in employer contributions across the plan and 381 active participants. That works out to $6,280 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy77%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 149.6%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 28.7%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context65/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $2,392,794
Participant contributions: $2,914,939
Other contributions: $293,479
Employer share of reported contributions: 45.1%
Beginning assets: $59,438,259
Ending assets: $69,320,127
Ending net assets: $69,320,127
Ending liabilities: $0
Total income: $13,499,412
Total expenses: $3,617,544
Administrative expenses: $163,360
Participant loans: Not reported

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$2,516

2023

$5,723

2024

$6,280

Plan-paid administrative expenses per participant

2022

$256

2023

$270

2024

$330

Active participants

2022

346

2023

347

2024

381

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$6,280	381	69.3M	20250829090422NAL0011185025001
2023	$5,723	347	59.4M	20240828104726NAL0006755475001
2022	$2,516	346	50.1M	20230914091559NAL0016237891001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: Not stated in the filing
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 310795801-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1985
Industry: Construction
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2A2E2F2G2J2S2T3D3H

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
PRINCIPAL LIFE INSURANCE COMPANY	2024	Not reported	unknown

Current plan terms

Help fill the gap the filing leaves.

If you have a current SPD, fee disclosure, or enrollment guide, you can share it with us. We check the source and date before adding anything to the profile.

Share a document →

Filing ACK_ID20250829090422NAL0011185025001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗