Plan Ledger DOL Form 5500 · updated monthly

Encon United Company401(k)

ENCON UNION 401(K) PLAN · DENVER, CO · plan year 2024

Reported admin expense ratio · 2024
1.38%

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

Encon United Company reported $25,665 in plan administrative expenses for 2024: 1.38% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,191 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 rose from 1.08% to 1.38%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Colorado (1,264th of 1,461), and 4,796th of 5,337 in construction. In 2024, the employer put in $1.58 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$2,092,056
Participants with balances168
Active participants183
Employer contributions$400,957
Employee contributions$253,531
Employer contribution per active participant$2,191
Average account balance$12,453
Benefits paid to participants$359,114
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.1M · 168 accts · $401K emplr
2023$1.6M · 180 accts · $396K emplr
2022$1.2M · 198 accts · $302K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,665
Total administrative$25,665
The Encon United Company 401(k) match · 2024
Employer contribution per active participant$2,191
Median for plans this size$1,313
2024$2,191 per active participant
2023$2,021 per active participant
2022$1,527 per active participant

Encon United Company's 2024 employer contribution ran above the $1,313 median for plans its size. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$25,664

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

Administrative cost history3
2024$25,665 · 1.38%
2023$19,574 · 1.40%
2022$12,986 · 1.08%
Similar plansConstruction · Colorado
Adk Electric Corporation CO$2.3M · 0.96%
Planet Granite, Inc. CO$2.3M · 1.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475323417 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.