Plan Ledger DOL Form 5500 · updated monthly

M.E. Collins Contracting401(k) + ESOP (KSOP)

M.E. COLLINS CONTRACTING COMPANY, INC. PROFIT SHARING & EE STOCK OWNERSHIP PLAN & TRUST · WAHOO, NE · plan year 2023

Reported admin expense ratio · 2023
0.14%

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

M.E. Collins Contracting reported $33,740 in plan administrative expenses for 2023: 0.14% of average plan assets, below the peer median. Employer contributions averaged $5,214 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 0.161%. 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 210th-largest of 565 plans among Nebraska employers on file, and the 1,713th of 5,337 in construction. In 2023, the employer put in $1.43 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$25,500,262
Participants with balances140
Active participants89
Employer contributions$464,067
Employee contributions$323,701
Employer contribution per active participant$5,214
Average account balance$182,145
Benefits paid to participants$2,013,382
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.7M · 146 accts · $534K emplr
2023$25.5M · 140 accts · $464K emplr
2022$23.9M · 129 accts · $388K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$33,531
Total administrative$33,740
The M.E. Collins Contracting 401(k) match · 2023
Employer contribution per active participant$5,214
Median for plans this size$2,440
2024$5,451 per active participant
2023$5,214 per active participant
2022$4,617 per active participant

M.E. Collins Contracting's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$33,531
PRINCIPAL SECURITIES INC · Investment advisory (plan)indirect comp

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$39,572 · 0.16%
2023$33,740 · 0.14%
2022$39,546 · 0.16%
Similar plansConstruction · Nebraska
Thrasher, Inc. NE$35.6M · 0.45%
Cdm Investment Group, Inc. NE$34.8M · 0.80%
Landscapes Unlimited, LLC NE$34.5M · 0.28%
Constructors, Inc. NE$24.6M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470686351 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.