Plan Ledger DOL Form 5500 · updated monthly

National Construction Enterprises, Inc.401(k)

NATIONAL CONSTRUCTION ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN · YPSILANTI, MI · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

National Construction Enterprises, Inc. reported $163,624 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $4,169 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 0.38% to 0.33%. 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 507th-largest of 2,619 plans among Michigan employers on file, and the 1,030th of 5,337 in construction. In 2024, employees put in $2.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$51,768,383
Participants with balances327
Active participants281
Employer contributions$1,171,483
Employee contributions$2,650,415
Employer contribution per active participant$4,169
Average account balance$158,313
Benefits paid to participants$3,911,844
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$51.8M · 327 accts · $1.2M emplr
2023$45.9M · 319 accts · $918K emplr
2022$34.8M · 312 accts · $857K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$134,328
Investment management$29,296
Total administrative$163,624
The National Construction Enterprises, Inc. 401(k) match · 2024
Employer contribution per active participant$4,169
Median for plans this size$2,416
2024$4,169 per active participant
2023$3,326 per active participant
2022$3,233 per active participant

National Construction Enterprises, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$127,401
MERRILL LYNCH RETIREMENT · Investment advisory (plan)$29,296

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$163,624 · 0.33%
2023$130,955 · 0.32%
2022$120,955 · 0.38%
Similar plansConstruction · Michigan
Bierlein Companies, Inc. MI$65.2M · 0.01%
John E. Green Company MI$47.8M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351452196 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.