Plan Ledger DOL Form 5500 · updated monthly

Mahoney Environmental Solution401(k)

MAHONEY ENVIRONMENTAL SOLUTIONS, LLC EMPLOYEES PROFIT SHARING AND 401(K) PLAN · JOLIET, IL · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Mahoney Environmental Solution reported $117,910 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $2,758 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 fell from 0.49% to 0.43%. 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 1,254th-largest of 3,702 plans among Illinois employers on file, and the 664th of 3,341 in other services. In 2024, employees put in $1.51 for every $1.00 the employer contributed; active participation has grown from 315 to 611 since 2021.

Plan summary
Net assets, end of year$32,431,748
Participants with balances664
Active participants611
Employer contributions$1,685,076
Employee contributions$2,537,353
Employer contribution per active participant$2,758
Average account balance$48,843
Benefits paid to participants$3,415,338
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$32.4M · 664 accts · $1.7M emplr
2023$21.9M · 577 accts · $1.1M emplr
2022$16.9M · 560 accts · $914K emplr
2021$17.7M · 359 accts · $775K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,966
Investment management$43,494
Audit (IQPA)$30,450
Total administrative$117,910
The Mahoney Environmental Solution 401(k) match · 2024
Employer contribution per active participant$2,758
Median for plans this size$2,416
2024$2,758 per active participant
2023$2,478 per active participant
2022$1,992 per active participant
2021$2,460 per active participant

Mahoney Environmental Solution's 2024 employer contribution ran above 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.

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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$43,966
MARCADO ASSET MANAGEMENT LLC · Investment advisory (plan)$39,948
PENSION ASSURANCE LLP · Accounting / audit$30,450

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

Administrative cost history4
2024$117,910 · 0.43%
2023$106,924 · 0.55%
2022$98,126 · 0.57%
2021$80,363 · 0.49%
Similar plansOther Services · Illinois
Ache IL$36.0M
Rescar Companies IL$35.8M · 0.04%
Morgan Services, Inc. IL$32.8M · 0.26%
Moose International Inc. IL$31.3M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844823478 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.