Plan Ledger DOL Form 5500 · updated monthly

Mid-Atlantic Infrastructure Systems, Inc.401(k)

MID-ATLANTIC INFRASTRUCTURE SYSTEMS, INC. 401(K) PROFIT SHARING PLAN · WINSTON-SALEM, NC · plan year 2023

Reported admin expense ratio · 2023
0.52%

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

Mid-Atlantic Infrastructure Systems, Inc. reported $37,644 in plan administrative expenses for 2023: 0.52% of average plan assets, above the peer median. Employer contributions averaged $1,390 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in North Carolina (1,250th of 2,005), and 3,419th of 5,337 in construction. In 2023, employees put in $3.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,816,515
Participants with balances98
Active participants125
Employer contributions$173,733
Employee contributions$528,435
Employer contribution per active participant$1,390
Average account balance$79,760
Benefits paid to participants$191,549
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAM OVERMAN PIERCE LLP
Plan history2
Yearassets · accounts · employer contribution
2023$7.8M · 98 accts · $174K emplr
2022$6.6M · 101 accts · $159K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$37,644
Total administrative$37,644
The Mid-Atlantic Infrastructure Systems, Inc. 401(k) match · 2023
Employer contribution per active participant$1,390
Median for plans this size$1,308
2023$1,390 per active participant
2022$1,279 per active participant

Mid-Atlantic Infrastructure Systems, Inc.'s 2023 employer contribution ran above the $1,308 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$726

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

Administrative cost history2
2023$37,644 · 0.52%
2022Not separately reported
Same employer
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Andrew Roby, Inc NC$7.6M · 0.69%
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Source: U.S. Department of Labor, Form 5500 series, EIN 562189097 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.