Plan Ledger DOL Form 5500 · updated monthly

Oec USA, Inc.401(k)

OEC USA, INC. 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Oec USA, Inc. reported $1,350 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $11,097 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 0.01% to 0.00%. 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 820th-largest of 3,644 plans among Florida employers on file, and the 1,537th of 5,337 in construction. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 12 to 16 since 2022.

Plan summary
Net assets, end of year$29,830,015
Participants with balances126
Active participants16
Employer contributions$177,554
Employee contributions$250,068
Employer contribution per active participant$11,097
Average account balance$236,746
Benefits paid to participants$1,001,489
Plan auditUnmodified (clean) audit opinion
AuditorH&CO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$29.8M · 126 accts · $178K emplr
2023$25.6M · 133 accts · $156K emplr
2022$21.1M · 140 accts · $128K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,200
Total administrative$1,350
The Oec USA, Inc. 401(k) match · 2024
Employer contribution per active participant$11,097
Median for plans this size$2,416
2024$11,097 per active participant
2023$12,002 per active participant
2022$10,642 per active participant

Oec USA, 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
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (plan)$1,350
MORNINGSTAR · Investment advisory (plan)indirect 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$1,350 · 0.00%
2023$850 · 0.00%
2022$3,137 · 0.01%
Similar plansConstruction · Florida
Lsp Holdco LLC FL$35.2M · 0.56%
Apg Electric, Inc FL$33.2M · 0.03%
Ridgeway Plumbing, Inc. FL$28.1M · 0.05%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 650220703 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.