Plan Ledger DOL Form 5500 · updated monthly

Georgia Utility Contractors Association, Inc.401(k)

CONTRACTORS RETIREMENT PLAN · FOREST PARK, GA · plan year 2024

Reported admin expense ratio · 2024
0.98%

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

Georgia Utility Contractors Association, Inc. reported $287,284 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,231 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 fell from 1.04% to 0.98%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 600th-largest of 2,160 plans among Georgia employers on file, and the 606th of 3,341 in other services. In 2024, employees put in $1.64 for every $1.00 the employer contributed; active participation has grown from 745 to 1,400 since 2022.

Plan summary
Net assets, end of year$35,811,995
Participants with balances1,228
Active participants1,400
Employer contributions$1,723,887
Employee contributions$2,831,833
Employer contribution per active participant$1,231
Average account balance$29,163
Benefits paid to participants$1,599,254
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$35.8M · 1,228 accts · $1.7M emplr
2023$22.7M · 976 accts · $1.3M emplr
2022$17.1M · 612 accts · $913K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$154,006
Investment management$98,372
Audit (IQPA)$23,580
Trustee / custodial$11,326
Total administrative$287,284
The Georgia Utility Contractors Association, Inc. 401(k) match · 2024
Employer contribution per active participant$1,231
Median for plans this size$2,416
2024$1,231 per active participant
2023$1,588 per active participant
2022$1,226 per active participant

Georgia Utility Contractors Association, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$154,006
BENSOURCE EMPLOYEE BENEFITS · Investment advisory (participants) · Investment advisory (plan)$86,568
JJM CPA · Accounting / audit$13,200
CAMBRIDGE INVESTMENT RESEARCH, INC.$11,805
CHARLES SCHWAB BANK · Custodial (securities) · Loan processing$11,326
SMITH & HOWARD · Accounting / audit$10,380

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$287,284 · 0.98%
2023$198,078 · 0.99%
2022$191,152 · 1.04%
Similar plansOther Services · Georgia
World 50 GA$37.9M · 0.13%
Winshape Foundation, Inc. GA$37.0M · 0.03%
In Touch Ministries GA$34.9M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581105177 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.