Plan Ledger DOL Form 5500 · updated monthly

Pioneer Incorporated401(k)

PIONEER INCORPORATED EMPLOYEE 401(K) PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Pioneer Incorporated reported $60,010 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $800 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 0.31%. 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 1,021st-largest of 2,619 plans among Michigan employers on file, and the 1,985th of 5,337 in construction. In 2024, employees put in $5.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,536,246
Participants with balances216
Active participants247
Employer contributions$197,714
Employee contributions$1,150,159
Employer contribution per active participant$800
Average account balance$95,075
Benefits paid to participants$1,571,771
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.5M · 216 accts · $198K emplr
2023$18.4M · 216 accts · $180K emplr
2022$15.4M · 211 accts · $171K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,236
Investment management$29,774
Total administrative$60,010
The Pioneer Incorporated 401(k) match · 2024
Employer contribution per active participant$800
Median for plans this size$2,416
2024$800 per active participant
2023$788 per active participant
2022$762 per active participant

Pioneer Incorporated's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20243
BEENE GARTER, A DOEREN MAYHEW FIRM · Recordkeeping$8,412
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,568
MIDWEST CAPITAL ADVISORS, LLC · Investment advisory (participants)$29,774

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024BEENE GARTER, A DOEREN MAYHEW FIRM, John Hancock
2023BEENE GARTER, A DOEREN MAYHEW FIRM, John Hancock

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Administrative cost history3
2024$60,010 · 0.31%
2023$64,599 · 0.38%
2022$62,759 · 0.38%
Same employer
Similar plansConstruction · Michigan
Andy J. Egan Company, Inc. MI$21.8M · 0.46%
Ev Construction Co MI$20.8M · 0.53%
E.T. Mackenzie Company MI$20.8M · 0.41%
Kasco, LLC MI$20.1M · 0.35%
Wieland Corporation MI$19.7M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 386061916 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.