Plan Ledger DOL Form 5500 · updated monthly

Master Service Companies, LLC401(k)

MASTER SERVICE COMPANIES, LLC 401(K) PLAN · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Master Service Companies, LLC reported $69,011 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,576 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 2 years on file its reported administrative ratio rose from 0.62% to 0.87%. 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 Tennessee (815th of 1,496), and 3,029th of 5,337 in construction. In 2024, employees put in $1.40 for every $1.00 the employer contributed; active participation has grown from 393 to 869 since 2022.

Plan summary
Net assets, end of year$10,456,950
Participants with balances1,061
Active participants869
Employer contributions$1,369,172
Employee contributions$1,919,594
Employer contribution per active participant$1,576
Average account balance$9,856
Benefits paid to participants$513,984
Plan auditUnmodified (clean) audit opinion
AuditorWALSH & DICKINSON
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 1,061 accts · $1.4M emplr
2023$5.4M · 371 accts · $539K emplr
2022$2.3M · 151 accts · $296K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,210
Trustee / custodial$31,801
Total administrative$69,011
The Master Service Companies, LLC 401(k) match · 2024
Employer contribution per active participant$1,576
Median for plans this size$1,313
2024$1,576 per active participant
2023$815 per active participant
2022$752 per active participant

Master Service Companies, LLC's 2024 employer contribution ran above 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 · 20243
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$31,320
PASI, LLC · Recordkeeping · Loan processing$5,890
MERRILL LYNCH LIFE AGENCY, INC. · Investment advisory (plan)$31,801

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

Recordkeeper by year2
2024PASI, LLC, Transamerica
2023PASI, LLC, Transamerica

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

Administrative cost history3
2024$69,011 · 0.87%
2023$33,845 · 0.87%
2022$13,362 · 0.62%
Same employer
Similar plansConstruction · Tennessee
31-W Insulation Co., Inc. TN$13.7M · 0.08%
Enterprise Electric, LLC TN$12.1M · 0.28%
Gem Technologies, Inc. TN$11.7M · 0.56%
Johnson & Galyon, Inc. TN$10.1M · 0.54%
Wasco Inc TN$9.6M · 1.01%
The Comfort Group, Inc TN$9.5M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262874958 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.