Plan Ledger DOL Form 5500 · updated monthly

McHugh Enterprises, Inc.401(k)

MCHUGH ENTERPRISES, INC. 401(K) PLAN · CHICAGO, IL · plan year 2023

Reported admin expense ratio · 2023
0.00%

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

McHugh Enterprises, Inc. reported $850 in plan administrative expenses for 2023: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,092 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 0.00% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 1,237th-largest of 3,702 plans among Illinois employers on file, and the 1,434th of 5,337 in construction. In 2023, employees put in $3.24 for every $1.00 the employer contributed; active participation has shrunk from 175 to 156 since 2022.

Plan summary
Net assets, end of year$32,983,193
Participants with balances212
Active participants156
Employer contributions$482,280
Employee contributions$1,563,957
Employer contribution per active participant$3,092
Average account balance$155,581
Benefits paid to participants$3,593,620
Plan auditUnmodified (clean) audit opinion
AuditorPETER SHANNON & CO
Plan history3
Yearassets · accounts · employer contribution
2024$31.7M · 196 accts · $405K emplr
2023$33.0M · 212 accts · $482K emplr
2022$30.6M · 225 accts · $440K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$850
Total administrative$850
The McHugh Enterprises, Inc. 401(k) match · 2023
Employer contribution per active participant$3,092
Median for plans this size$2,440
2024$2,773 per active participant
2023$3,092 per active participant
2022$2,514 per active participant

McHugh Enterprises, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$28,472

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$26,562 · 0.08%
2023$850 · 0.00%
2022$575 · 0.00%
Same employer
Similar plansConstruction · Illinois
Bulley and Andrews, LLC IL$35.0M · 0.19%
Armon, Inc. IL$34.4M · 0.10%
The Morse Group, Inc. IL$28.8M · 0.39%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 363363119 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.