Plan Ledger DOL Form 5500 · updated monthly

Mountain States Constructors, Inc.401(k)

MOUNTAIN STATES CONSTRUCTORS, INC. 401(K) PLAN · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Mountain States Constructors, Inc. reported $82,155 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $13,640 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 0.85% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 75th-largest of 290 plans among New Mexico employers on file, and the 1,809th of 5,337 in construction. In 2024, the employer put in $3.31 for every $1.00 employees contributed themselves; active participation has grown from 241 to 266 since 2022.

Plan summary
Net assets, end of year$23,545,275
Participants with balances461
Active participants266
Employer contributions$3,628,157
Employee contributions$1,095,773
Employer contribution per active participant$13,640
Average account balance$51,074
Benefits paid to participants$2,624,973
Plan auditUnmodified (clean) audit opinion
AuditorPELTIER, GUSTAFSON, & MILLER, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$23.5M · 461 accts · $3.6M emplr
2023$19.5M · 429 accts · $3.3M emplr
2022$15.8M · 429 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,025
Investment management$52,130
Total administrative$82,155
The Mountain States Constructors, Inc. 401(k) match · 2024
Employer contribution per active participant$13,640
Median for plans this size$2,416
2024$13,640 per active participant
2023$13,699 per active participant
2022$13,176 per active participant

Mountain States Constructors, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20243
NATIONWIDE · Contract administrator · Recordkeeping$12,198
RBC CAPITAL MARKETS CORP, LLC · Investment advisory (participants)$52,130
PATTISON PENSION SPECIALISTS, INC. · Pension consulting$17,827

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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Administrative cost history3
2024$82,155 · 0.38%
2023$155,212 · 0.88%
2022$139,473 · 0.85%
Same employer
Similar plansConstruction · New Mexico
New Mexico Pipe Trades NM$88.7M · 0.74%
Jaynes Companies NM$42.4M · 0.23%
Brycon Corporation NM$24.6M · 0.48%
Tlc Company, Inc. NM$22.8M · 0.09%
Aui, Inc. NM$20.1M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850276974 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.