Plan Ledger DOL Form 5500 · updated monthly

Matrix Service Company401(k)

MATRIX SERVICE COMPANY 401(K) SAVINGS PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Matrix Service Company reported $342,418 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $2,646 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 0.165%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 35th-largest of 724 plans among Oklahoma employers on file, and the 228th of 4,246 in wholesale trade. In 2024, employees put in $2.23 for every $1.00 the employer contributed; active participation has shrunk from 2,111 to 1,851 since 2022.

Plan summary
Net assets, end of year$215,686,418
Participants with balances1,524
Active participants1,851
Employer contributions$4,898,473
Employee contributions$10,913,358
Employer contribution per active participant$2,646
Average account balance$141,527
Benefits paid to participants$28,361,135
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$215.7M · 1,524 accts · $4.9M emplr
2023$199.2M · 1,613 accts · $5.1M emplr
2022$172.0M · 1,723 accts · $5.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$239,927
Investment management$70,000
Trustee / custodial$32,165
Total administrative$342,418
The Matrix Service Company 401(k) match · 2024
Employer contribution per active participant$2,646
Median for plans this size$3,635
2024$2,646 per active participant
2023$2,640 per active participant
2022$2,501 per active participant

Matrix Service Company's 2024 employer contribution ran below the $3,635 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 · 20244
MILLIMAN, INC. · Recordkeeping · Pension consulting$239,911
BOK FINANCIAL · Investment advisory (plan)$70,000
CHARLES SCHWABTRUST BANK · Custodial (securities) · Trustee (directed)$32,165
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trustee (directed)indirect comp

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

Recordkeeper by year2
2024Milliman
2023Milliman

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Administrative cost history3
2024$342,418 · 0.17%
2023$289,478 · 0.16%
2022$326,007 · 0.17%
Same employer
Similar plansWholesale Trade · Oklahoma
Hilti, Inc. OK$685.6M · 0.01%
Axh Air-Coolers, LLC OK$49.3M · 0.06%
Jasco Products Company LLC OK$49.0M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731352174 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.