Plan Ledger DOL Form 5500 · updated monthly

M. Luis Construction Company, Inc.401(k)

THE CONTRACTORS RETIREMENT PLAN · SILVER SPRING, MD · plan year 2024

Employer contribution per participant · 2024
$2,727

M. Luis Construction Company, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $3,751,542 across 163 participant accounts, with employer contributions averaging $2,727 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 Maryland (1,369th of 1,671), and 4,308th of 5,337 in construction. In 2024, the employer put in $1.94 for every $1.00 employees contributed themselves; active participation has grown from 162 to 184 since 2022.

Plan summary
Net assets, end of year$3,751,542
Participants with balances163
Active participants184
Employer contributions$501,801
Employee contributions$258,299
Employer contribution per active participant$2,727
Average account balance$23,016
Benefits paid to participants$360,213
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 163 accts · $502K emplr
2023$3.1M · 161 accts · $308K emplr
2022$2.5M · 148 accts · $127K emplr
The M. Luis Construction Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,727
Median for plans this size$1,313
2024$2,727 per active participant
2023$1,782 per active participant
2022$781 per active participant

M. Luis Construction Company, Inc.'s 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Same employer
Similar plansConstruction · Maryland
Ceco, Inc. MD$4.0M · 1.07%
Bryant Group Inc MD$3.6M · 0.93%
Thrifty Iron Works, Inc. MD$3.6M · 0.95%
Summit Construction, Inc. MD$3.6M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521418763 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.