Plan Ledger DOL Form 5500 · updated monthly

Great Southwestern Construction, Inc.401(k)

THE MYR GROUP HOURLY 401(K) PLAN · CASTLE ROCK, CO · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Great Southwestern Construction, Inc. reported $64,823 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $4,162 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 3 years on file its reported administrative ratio has held roughly steady near 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 435th-largest of 1,461 plans among Colorado employers on file, and the 1,764th of 5,337 in construction. In 2024, employees put in $1.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,493,883
Participants with balances1,081
Active participants832
Employer contributions$3,462,641
Employee contributions$4,055,163
Employer contribution per active participant$4,162
Average account balance$22,659
Benefits paid to participants$5,271,296
Plan auditUnmodified (clean) audit opinion
AuditorBDO USA,P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$24.5M · 1,081 accts · $3.5M emplr
2023$20.4M · 1,114 accts · $2.6M emplr
2022$15.1M · 866 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,122
Investment management$4,701
Total administrative$64,823
The Great Southwestern Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$4,162
Median for plans this size$2,416
2024$4,162 per active participant
2023$2,368 per active participant
2022$2,015 per active participant

Great Southwestern Construction, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20242
EMPOWER ANNUITY INSURANCE COMPANY O · Loan processing · Recordkeeping$60,122
EMPOWER ADVISORY GROUP, LLC · Investment management · Investment advisory (participants)$4,701

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$64,823 · 0.29%
2023$52,037 · 0.29%
2022$44,689 · 0.28%
Similar plansConstruction · Colorado
Shaw Services Company CO$26.3M · 0.40%
Colorado Structures, Inc. CO$23.3M · 0.45%
Ludvik Electric Co. CO$23.1M · 0.55%
Pinkard Construction Co. CO$22.9M · 0.26%
Beacon Communications, LLC CO$22.4M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840739182 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.