Associated Builders and ContractorsProfit-sharing plan
ASSOCIATED BUILDERS AND CONTRACTORS, INC UTAH CHAPTER MEP · NORTH SALT LAKE, UT · plan year 2023
Associated Builders and Contractors's 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $14,504,553 across 407 participant accounts, with employer contributions averaging $1,060 per active participant. See methodology for what Form 5500 does and doesn't capture.
Across the 2 years on file its reported administrative ratio rose from 1.17% to 1.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 372nd-largest of 848 plans among Utah employers on file, and the 2,523rd of 5,337 in construction. In 2023, employees put in $2.08 for every $1.00 the employer contributed.
Associated Builders and Contractors's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom quarter of its peers. 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 870343604 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.