Hughes General Contractors401(k)
HUGHES GENERAL CONTRACTORS 401(K) RETIREMENT PLAN · NORTH SALT LAKE CITY, UT · plan year 2024
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Hughes General Contractors reported $104,913 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,623 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 0.98% to 0.89%. 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 383rd-largest of 848 plans among Utah employers on file, and the 2,614th of 5,337 in construction. In 2024, employees put in $2.55 for every $1.00 the employer contributed; active participation has grown from 221 to 285 since 2022.
Hughes General Contractors's 2024 employer contribution ran below the $2,416 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 030403856 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.