Plan Ledger DOL Form 5500 · updated monthly

Nei General Contracting, Inc.401(k)

NEI GENERAL CONTRACTING, INC. 401(K) PLAN · RANDOLPH, MA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Nei General Contracting, Inc. reported $78,236 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $2,706 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 0.44% 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 1,230th-largest of 2,726 plans among Massachusetts employers on file, and the 1,896th of 5,337 in construction. In 2024, employees put in $4.90 for every $1.00 the employer contributed; active participation has shrunk from 211 to 181 since 2022.

Plan summary
Net assets, end of year$21,849,879
Participants with balances191
Active participants181
Employer contributions$489,775
Employee contributions$2,402,321
Employer contribution per active participant$2,706
Average account balance$114,397
Benefits paid to participants$1,369,817
Plan auditUnmodified (clean) audit opinion
AuditorQRGA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.8M · 191 accts · $490K emplr
2023$17.4M · 204 accts · $401K emplr
2022$13.8M · 178 accts · $339K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,505
Investment management$64,731
Total administrative$78,236
The Nei General Contracting, Inc. 401(k) match · 2024
Employer contribution per active participant$2,706
Median for plans this size$2,416
2024$2,706 per active participant
2023$1,823 per active participant
2022$1,608 per active participant

Nei General Contracting, Inc.'s 2024 employer contribution ran above 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 · 20243
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$59,334
EMPOWER ADVISORY GROUP, LLC · Investment management$5,397

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$78,236 · 0.40%
2023$69,414 · 0.45%
2022$61,118 · 0.44%
Same employer
Similar plansConstruction · Massachusetts
P.A. Landers, Inc. MA$24.2M · 0.04%
Lorusso Corporation MA$21.1M · 0.01%
E. Amanti & Sons, Inc. MA$19.9M · 0.38%
Thomas G. Gallagher, Inc. MA$19.4M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043409881 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.