Plan Ledger DOL Form 5500 · updated monthly

Mark III Construction, Inc.401(k)

MARK III CONSTRUCTION, INC. 401(K) PLAN · SACRAMENTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Mark III Construction, Inc. reported $57,545 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $988 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 0.579%. 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 California (5,296th of 9,483), and 3,001st of 5,337 in construction. In 2024, employees put in $3.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,608,953
Participants with balances245
Active participants279
Employer contributions$275,599
Employee contributions$876,896
Employer contribution per active participant$988
Average account balance$43,302
Benefits paid to participants$1,123,880
Plan auditUnmodified (clean) audit opinion
AuditorBFBA
Plan history3
Yearassets · accounts · employer contribution
2024$10.6M · 245 accts · $276K emplr
2023$9.3M · 254 accts · $194K emplr
2022$8.5M · 254 accts · $362K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,023
Investment management$7,522
Total administrative$57,545
The Mark III Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$988
Median for plans this size$1,313
2024$988 per active participant
2023$694 per active participant
2022$1,280 per active participant

Mark III Construction, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20245
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$4,924
EMPOWER ADVISORY GROUP, LLC · Investment management$2,599
CAMBRIDGE INVESTMENT RESEARCH INCindirect comp
AMERITAS INVESTMENT COMPANY LLCindirect 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$57,545 · 0.58%
2023$62,348 · 0.70%
2022$51,512 · 0.58%
Same employer
Similar plansConstruction · California
Urban Painting, Inc. CA$10.7M · 0.16%
Jpi Development Group, Inc. CA$10.6M · 0.17%
The Towbes Group, Inc. CA$10.5M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270998726 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.