Plan Ledger DOL Form 5500 · updated monthly

Multi-Craft Contractors, Inc.401(k)

MULTI-CRAFT CONTRACTORS, INC. 401(K) PLAN · SPRINGDALE, AR · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Multi-Craft Contractors, Inc. reported $112,005 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $1,987 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 0.56% to 0.40%. 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 110th-largest of 456 plans among Arkansas employers on file, and the 1,517th of 5,337 in construction. In 2024, employees put in $2.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,331,839
Participants with balances769
Active participants614
Employer contributions$1,219,736
Employee contributions$3,259,599
Employer contribution per active participant$1,987
Average account balance$39,443
Benefits paid to participants$3,558,816
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.3M · 769 accts · $1.2M emplr
2023$26.0M · 761 accts · $717K emplr
2022$22.1M · 752 accts · $739K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,130
Investment management$39,375
Audit (IQPA)$8,500
Total administrative$112,005
The Multi-Craft Contractors, Inc. 401(k) match · 2024
Employer contribution per active participant$1,987
Median for plans this size$2,416
2024$1,987 per active participant
2023$1,052 per active participant
2022$1,118 per active participant

Multi-Craft Contractors, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20245
ONEAMERICA RETIREMENT SERVICES LLC · Recordkeeping · Participant communication$62,737
PENSION CONSULTANTS · Investment advisory (plan)$39,375
KATZ, SAPPER & MILLER · Accounting / audit$8,500
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$1,393
MATRIX TRUST COMPANY · Custodial (securities) · Trusteeindirect 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$112,005 · 0.40%
2023$130,751 · 0.54%
2022$134,768 · 0.56%
Same employer
Similar plansConstruction · Arkansas
The Nabholz Group, Inc. AR$155.2M · 0.22%
Vcc AR$80.7M · 0.11%
The Systems Group AR$23.6M · 0.11%
Clark Contractors, LLC. AR$22.9M · 0.25%
The Systems Group AR$21.4M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710423846 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.