Plan Ledger DOL Form 5500 · updated monthly

Mtech Mechanical Technologies Group, Inc.401(k)

MTECH 401(K) PLAN · WESTMINSTER, CO · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Mtech Mechanical Technologies Group, Inc. reported $171,330 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,952 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 0.32% to 0.30%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 210th-largest of 1,461 plans among Colorado employers on file, and the 921st of 5,337 in construction. In 2024, employees put in $2.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$59,972,008
Participants with balances676
Active participants581
Employer contributions$1,715,155
Employee contributions$4,399,691
Employer contribution per active participant$2,952
Average account balance$88,716
Benefits paid to participants$7,614,567
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI,LLP
Plan history3
Yearassets · accounts · employer contribution
2024$60.0M · 676 accts · $1.7M emplr
2023$54.3M · 678 accts · $1.6M emplr
2022$44.1M · 641 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$130,549
Investment management$40,781
Total administrative$171,330
The Mtech Mechanical Technologies Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,952
Median for plans this size$3,635
2024$2,952 per active participant
2023$2,715 per active participant
2022$2,494 per active participant

Mtech Mechanical Technologies Group, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$27,336
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$13,444

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$171,330 · 0.30%
2023$150,261 · 0.31%
2022$149,632 · 0.32%
Same employer
Similar plansConstruction · Colorado
Rk Industries, LLC CO$66.6M · 0.14%
Haselden Construction LLC CO$58.9M · 0.30%
Frontline Road Safety LLC CO$57.4M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731639381 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.