Plan Ledger DOL Form 5500 · updated monthly

McS of Tampa, Inc.401(k)

SPTCO MEP 401(K) FOR MCS OF TAMPA · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

McS of Tampa, Inc. reported $26,702 in plan administrative expenses for 2024: 0.38% of average plan assets, below the peer median. Employer contributions averaged $1,168 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 0.59% to 0.38%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Florida (2,064th of 3,644), and 3,442nd of 5,337 in construction. In 2024, employees put in $2.20 for every $1.00 the employer contributed; active participation has grown from 156 to 243 since 2022.

Plan summary
Net assets, end of year$7,690,383
Participants with balances126
Active participants243
Employer contributions$283,781
Employee contributions$623,897
Employer contribution per active participant$1,168
Average account balance$61,035
Benefits paid to participants$420,753
Plan auditUnmodified (clean) audit opinion
AuditorMAUDLIN & JENKINS
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 126 accts · $284K emplr
2023$6.2M · 128 accts · $200K emplr
2022$5.2M · 113 accts · $142K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,702
Total administrative$26,702
The McS of Tampa, Inc. 401(k) match · 2024
Employer contribution per active participant$1,168
Median for plans this size$1,313
2024$1,168 per active participant
2023$601 per active participant
2022$912 per active participant

McS of Tampa, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$26,702

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$26,702 · 0.38%
2023$19,365 · 0.34%
2022$34,174 · 0.59%
Same employer
Similar plansConstruction · Florida
J. W. Cheatham, LLC FL$7.9M · 0.46%
Rulon Company FL$7.7M · 0.03%
P & S Paving, Inc. FL$7.7M · 0.90%
Betacom Inc FL$7.5M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593059024 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.