Plan Ledger DOL Form 5500 · updated monthly

McComas-Lacina Construction L.C.401(k)

MLC 401(K) PLAN · IOWA CITY, IA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

McComas-Lacina Construction L.C. reported $53,967 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $2,110 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 0.27% to 0.28%. 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 399th-largest of 878 plans among Iowa employers on file, and the 2,005th of 5,337 in construction. In 2024, employees put in $2.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,198,270
Participants with balances151
Active participants109
Employer contributions$230,000
Employee contributions$541,246
Employer contribution per active participant$2,110
Average account balance$133,763
Benefits paid to participants$1,084,368
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.2M · 151 accts · $230K emplr
2023$18.3M · 152 accts · $230K emplr
2022$18.4M · 157 accts · $211K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,321
Investment management$42,646
Total administrative$53,967
The McComas-Lacina Construction L.C. 401(k) match · 2024
Employer contribution per active participant$2,110
Median for plans this size$2,416
2024$2,110 per active participant
2023$2,018 per active participant
2022$1,831 per active participant

McComas-Lacina Construction L.C.'s 2024 employer contribution ran below the $2,416 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 · 20242
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Investment advisory (participants)$11,621
CAMBRIDGE INVESTMENT RESEARCH INC. · Investment advisory (plan)$37,367

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$53,967 · 0.28%
2023$53,580 · 0.29%
2022$56,571 · 0.27%
Same employer
Similar plansConstruction · Iowa
United Contractors, Inc. IA$22.8M · 0.14%
Todd & Sargent, Inc. IA$22.0M · 0.32%
Tec-Corp IA$20.5M · 0.43%
K.B.C Group, Inc. IA$20.2M · 0.43%
Dean Snyder Construction Co IA$19.5M · 0.34%
Story Construction Co. IA$17.2M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421490494 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.