Plan Ledger DOL Form 5500 · updated monthly

Milestone Electric, Inc.401(k)

MILESTONE ELECTRIC 401(K) PLAN · GARLAND, TX · plan year 2024

Reported admin expense ratio · 2024
0.93%

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

Milestone Electric, Inc. reported $79,914 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~75% of peers. Employer contributions averaged $918 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 1.79% to 0.93%. 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 Texas (3,112th of 5,688), and 3,144th of 5,337 in construction. In 2024, employees put in $3.41 for every $1.00 the employer contributed; active participation has grown from 469 to 532 since 2022.

Plan summary
Net assets, end of year$9,644,814
Participants with balances556
Active participants532
Employer contributions$488,151
Employee contributions$1,663,753
Employer contribution per active participant$918
Average account balance$17,347
Benefits paid to participants$1,136,975
Plan auditUnmodified (clean) audit opinion
AuditorSAVILLE CPAS & ADVISORS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 556 accts · $488K emplr
2023$7.5M · 754 accts · $623K emplr
2022$5.0M · 610 accts · $430K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,914
Total administrative$79,914
The Milestone Electric, Inc. 401(k) match · 2024
Employer contribution per active participant$918
Median for plans this size$1,313
2024$918 per active participant
2023$968 per active participant
2022$917 per active participant

Milestone Electric, 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
JOHN HANCOCK · Recordkeeping · Investment management$79,914

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$79,914 · 0.93%
2023$70,798 · 1.14%
2022$87,378 · 1.79%
Similar plansConstruction · Texas
Patriot Erectors, LLC TX$9.7M · 0.83%
Glenn Thurman, Inc. TX$9.5M · 0.28%
Freedom Solar, LLC TX$9.5M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202597496 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.