Plan Ledger DOL Form 5500 · updated monthly

Midland Industrial Service, LLC401(k)

MIDLAND LLC RETIREMENT PLAN · ELKINS, AR · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Midland Industrial Service, LLC reported $19,038 in plan administrative expenses for 2024: 0.39% of average plan assets, below the peer median. Employer contributions averaged $1,795 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 3 years on file its reported administrative ratio has held roughly steady near 0.39%. 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 Arkansas (312th of 456), and 3,874th of 5,337 in construction. In 2024, employees put in $1.70 for every $1.00 the employer contributed; active participation has shrunk from 297 to 243 since 2022.

Plan summary
Net assets, end of year$5,531,247
Participants with balances143
Active participants243
Employer contributions$436,262
Employee contributions$742,254
Employer contribution per active participant$1,795
Average account balance$38,680
Benefits paid to participants$453,059
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 143 accts · $436K emplr
2023$4.2M · 119 accts · $331K emplr
2022$3.3M · 123 accts · $370K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,038
Total administrative$19,038
The Midland Industrial Service, LLC 401(k) match · 2024
Employer contribution per active participant$1,795
Median for plans this size$1,313
2024$1,795 per active participant
2023$1,210 per active participant
2022$1,244 per active participant

Midland Industrial Service, LLC's 2024 employer contribution ran above 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$14,337
RETIREMENT PLANNERS & ADMINISTRATOR · Contract administrator · Other services$4,700
FARMERS FINANCIAL SOLUTIONS LLC · Other servicesindirect comp
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect comp

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$19,038 · 0.39%
2023$15,522 · 0.41%
2022$11,720 · 0.37%
Same employer
Similar plansConstruction · Arkansas
Fleming Electric, Inc. AR$5.3M · 1.20%
Staley, Inc. AR$4.7M · 0.79%
Action, Inc. AR$4.6M · 0.79%
Middleton, Inc AR$3.5M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271592822 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.