Plan Ledger DOL Form 5500 · updated monthly

McConnell & Jones LLP401(k)

MCCONNELL & JONES LLP 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

McConnell & Jones LLP reported $57,081 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,849 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 0.48% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,464th-largest of 5,688 plans among Texas employers on file, and 6,648th of 11,654 in professional & technical services. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has grown from 128 to 177 since 2022.

Plan summary
Net assets, end of year$14,690,480
Participants with balances184
Active participants177
Employer contributions$504,199
Employee contributions$1,130,715
Employer contribution per active participant$2,849
Average account balance$79,840
Benefits paid to participants$895,805
Plan auditUnmodified (clean) audit opinion
AuditorDAVID P. CHANEY, CPA, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$14.7M · 184 accts · $504K emplr
2023$12.2M · 184 accts · $474K emplr
2022$9.9M · 154 accts · $409K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,581
Investment management$18,500
Audit (IQPA)$9,000
Total administrative$57,081
The McConnell & Jones LLP 401(k) match · 2024
Employer contribution per active participant$2,849
Median for plans this size$2,416
2024$2,849 per active participant
2023$3,003 per active participant
2022$3,195 per active participant

McConnell & Jones LLP's 2024 employer contribution ran above 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$29,581
LPL FINANCIAL LLC · Investment advisory (plan)$18,500
DAVID P CHANEY, CPA, P.C. · Accounting / audit$9,000

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

Administrative cost history3
2024$57,081 · 0.42%
2023$49,220 · 0.45%
2022$52,035 · 0.48%
Same employer
Similar plansProfessional & Technical Services · Texas
Texas de Brazil Corporation TX$14.8M · 0.04%
The Carlson Law Firm, P.C. TX$14.8M · 0.05%
Black Mann & Graham LLP TX$14.7M · 0.47%
Subsplash, Inc. TX$14.7M · 0.21%
Xpel, Inc. TX$14.6M · 0.43%
Praetorian Group, Inc. TX$14.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760488832 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.