Plan Ledger DOL Form 5500 · updated monthly

Mark-Taylor Development, Inc.401(k)

MARK-TAYLOR DEVELOPMENT, INC. 401(K) PLAN · SCOTTSDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Mark-Taylor Development, Inc. reported $83,108 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $810 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 0.45%. 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 368th-largest of 1,285 plans among Arizona employers on file, and the 2,024th of 5,337 in construction. In 2024, employees put in $2.95 for every $1.00 the employer contributed; active participation has grown from 579 to 785 since 2022.

Plan summary
Net assets, end of year$19,895,941
Participants with balances490
Active participants785
Employer contributions$635,598
Employee contributions$1,874,417
Employer contribution per active participant$810
Average account balance$40,604
Benefits paid to participants$2,096,716
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.9M · 490 accts · $636K emplr
2023$17.0M · 463 accts · $556K emplr
2022$13.3M · 428 accts · $512K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,089
Investment management$45,019
Total administrative$83,108
The Mark-Taylor Development, Inc. 401(k) match · 2024
Employer contribution per active participant$810
Median for plans this size$2,416
2024$810 per active participant
2023$865 per active participant
2022$885 per active participant

Mark-Taylor Development, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK RETIREMENT PLAN SVCS. · Recordkeeping · Investment advisory (participants)$40,526
GLOBAL RETIREMENT PARTNERS, LLC · Investment advisory (plan)$42,582

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$83,108 · 0.45%
2023$68,389 · 0.45%
2022$60,718 · 0.44%
Similar plansConstruction · Arizona
Willmeng Construction, Inc. AZ$25.0M · 0.63%
D.P. Electric, Inc. AZ$19.0M · 0.58%
Rummel Construction, Inc. AZ$16.6M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860533236 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.