Plan Ledger DOL Form 5500 · updated monthly

Associated General Contractors of Mississippi401(k)

MS AGC MEP 401(K) PLAN · JACKSON, MS · plan year 2023

Reported admin expense ratio · 2023
0.35%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Associated General Contractors of Mississippi reported $130,347 in plan administrative expenses for 2023: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,326 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio has held roughly steady near 0.35%. 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 54th-largest of 367 plans among Mississippi employers on file, and the 1,177th of 5,337 in construction. In 2023, employees put in $2.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,966,208
Participants with balances1,214
Active participants1,453
Employer contributions$1,926,187
Employee contributions$4,057,378
Employer contribution per active participant$1,326
Average account balance$35,392
Benefits paid to participants$4,518,912
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$43.0M · 1,214 accts · $1.9M emplr
2022$31.0M · 972 accts · $1.7M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$9,578
Investment management$110,269
Audit (IQPA)$10,500
Total administrative$130,347
The Associated General Contractors of Mississippi 401(k) match · 2023
Employer contribution per active participant$1,326
Median for plans this size$2,440
2023$1,326 per active participant
2022$1,560 per active participant

Associated General Contractors of Mississippi'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.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
PINNACLE FINANCIAL SERVICES, INC. · Recordkeeping · Loan processing$47,635
TRANSAMERICA FINANCIAL LIFE INS. CO · Recordkeeping · Loan processing$31,212
PINNACLE WEALTH LLC · Investment advisory (plan)$110,269
3(16) FIDUCIARY SERVICES CORP · Plan administrator$36,091
TEMPLETON & COMPANY, LLP · Accounting / audit$10,500

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$130,347 · 0.35%
2022$109,479 · 0.34%
Similar plansConstruction · Mississippi
The Yates Companies, Inc. MS$154.1M · 0.43%
Yates Services, LLC MS$91.6M · 0.43%
Castle Personnel Group, LLC MS$18.5M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640324725 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.