Plan Ledger DOL Form 5500 · updated monthly

McAbee Construction, Inc.ESOP

MCABEE CONSTRUCTION, INC. ESOP · TUSCALOOSA, AL · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

McAbee Construction, Inc. reported $80,621 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $10,714 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 fell from 0.40% to 0.38%. 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 280th-largest of 902 plans among Alabama employers on file, and the 1,848th of 5,337 in construction. active participation has grown from 74 to 84 since 2022.

Plan summary
Net assets, end of year$22,761,699
Participants with balances135
Active participants84
Employer contributions$900,000
Employee contributions—
Employer contribution per active participant$10,714
Average account balance$168,605
Benefits paid to participants$975,850
Plan auditUnmodified (clean) audit opinion
AuditorJAMISONMONEYFARMER PC
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 135 accts · $900K emplr
2023$19.9M · 123 accts · $900K emplr
2022$17.8M · 123 accts · $800K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,629
Investment management$9,798
Audit (IQPA)$31,000
Total administrative$80,621
Employer contributions to the McAbee Construction, Inc. plan · 2024
Employer contribution per active participant$10,714
Median for plans this size$2,416
2024$10,714 per active participant
2023$12,329 per active participant
2022$10,811 per active participant

McAbee Construction, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
WILLAMETTE MANAGMENT · Recordkeeping$25,194
JAMISON MONEY FARMER · Accounting / audit$31,000
REGIONS BANK · Investment management$5,800

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

Recordkeeper by year2
2024WILLAMETTE MANAGMENT
2023Ascensus

This plan has changed recordkeepers within these filings. If you left McAbee Construction, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$80,621 · 0.38%
2023$71,184 · 0.38%
2022$69,472 · 0.40%
All plans at this employer2
MCABEE CONSTRUCTION INC PROFIT SHARING / RETIREMENT PLANProfit-sharing plan
MCABEE CONSTRUCTION, INC. ESOPESOP
Similar plansConstruction · Alabama
Scott Bridge Company, Inc. AL$30.6M · 0.44%
Burkes Mechanical, Inc. AL$27.7M · 0.36%
Pose Group, Inc. AL$23.0M · 0.04%
Russell Lands, Inc. AL$20.6M · 0.53%
Airtek Construction Inc AL$19.3M · 0.63%
Jesse Stutts, Inc. AL$17.9M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630622649 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.