Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › TBC - The Boring
TBC - The Boring 401(k)
- Transportation and warehousing
- Bastrop, TX
- EIN 82-0839443
- 1 plan with Schedule H financials
- Plan year 2024
- TBC - The Boring Co
- filed as The Boring Company
Total assets, end of year · The Boring Company 401(k) Profit Sharing Plan and Trust · plan year 2024
$3,777,438
427 participants with a balance. This filing reports no recordkeeping fee and no administrative expenses excluding investment management, so there is no headline cost figure.
Source
Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250821115051NAL0008144562001, received 2025-08-21
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250821115051NAL0008144562001, received 2025-08-21
Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-08-21.
Cost and contributions
Administrative expenses excluding investment management, per participant
$0.00
Fewer than 50 comparable plans report this figure; no percentile.
Source
= $0 / 427
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250821115051NAL0008144562001, received 2025-08-21
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250821115051NAL0008144562001, received 2025-08-21
Administrative expenses per participant
$11.71
Higher than 6% of the 15,210 plans $1 to 10M that report it.
Source
= $5,002 / 427
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250821115051NAL0008144562001, received 2025-08-21
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250821115051NAL0008144562001, received 2025-08-21
Administrative expenses as a share of assets
0.132%
Higher than 18% of the 15,243 plans $1 to 10M that report it.
Source
= $5,002 / $3,777,438
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250821115051NAL0008144562001, received 2025-08-21
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250821115051NAL0008144562001, received 2025-08-21
Employer contributions per participant
not reported
Not reported on this filing.
Employer share of total contributions
not reported
Not reported on this filing.
Plan terms, as stated in TBC - The Boring Co's SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2J 401(k) feature · 2K 401(m) arrangement · 2F ERISA 404(c) plan · 2G fully participant-directed · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250821115051NAL0008144562001, received 2025-08-21
Full record, The Boring Company 401(k) Profit Sharing Plan and Trust
| Field | Value | Source |
|---|---|---|
| Plan sponsor | THE BORING COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Plan name | THE BORING COMPANY 401(K) PROFIT SHARING PLAN AND TRUST | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Sponsor EIN / plan number | 82-0839443 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Sponsor location | BASTROP, TX | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Industry (business code) | 485990, Transportation and warehousing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Filing received | 2025-08-21 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Participants, beginning of year | 369 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Active participants | 476 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Participants, end of year | 567 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Participants with an account balance | 427 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Total assets, beginning of year | $2,598,815 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Total assets, end of year | $3,777,438 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Net assets, end of year | $3,777,438 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Total income | $1,498,111 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Net income | $1,178,623 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Participant contributions | $937,194 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Other contributions (incl. rollovers) | $185,220 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Total contributions | $1,122,414 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Benefit payments | $314,486 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Total expenses (incl. benefit payments) | $319,488 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Total administrative expenses | $5,002 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Investment advisory and management fees | $5,002 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Administrative expenses excluding investment management | $0 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Held in mutual funds | $3,721,622 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250821115051NAL0008144562001, received 2025-08-21 |
| Independent auditor | DESROCHES PARTNERS, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250821115051NAL0008144562001, received 2025-08-21 |
Position = column in the DOL layout for form year 2024. Filing 20250821115051NAL0008144562001, received 2025-08-21.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| BETTERMENT FOR BUSINESS, LLCrecordkeeper | RECORDKEEPER | 27 Investment advisory (plan); 64 Recordkeeping fees | $4,073 | yes |
| HUMAN INTEREST ADVISOR LLCrecordkeeper | RECORDKEEPER | 13 Contract administrator; 15 Recordkeeping and information management; 27 Investment advisory (plan); 51 Investment management fees paid directly by plan | $929 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250821115051NAL0008144562001, received 2025-08-21.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $2,619,472 | $3,777,438 | 44.2% |
| Participants with a balance | 227 | 427 | 88.1% |
| Administrative expenses | $9,426 | $5,002 | -46.9% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $5,132 | not reported |
Prior filing 20241014122344NAL0044467040001, received 2024-10-14; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: THE BORING COMPANY; SEC registrant: TBC - The Boring Co (CIK 1737630, matched by EIN).