Plan Ledger DOL Form 5500 · updated monthly

Pm & M Electric, Inc. dba Titan Solar Power401(k)

PM & M ELECTRIC 401(K) PLAN · MESA, AZ · plan year 2023

Reported admin expense ratio · 2023
0.76%

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

Pm & M Electric, Inc. dba Titan Solar Power reported $59,122 in plan administrative expenses for 2023: 0.76% of average plan assets, above the peer median. Employer contributions averaged $2,396 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 rose from 1.08% to 1.16%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is the 612th-largest of 1,285 plans among Arizona employers on file, and 3,174th of 5,337 in construction. In 2023, employees put in $1.53 for every $1.00 the employer contributed; active participation has shrunk from 1,328 to 529 since 2022.

Plan summary
Net assets, end of year$9,453,066
Participants with balances596
Active participants529
Employer contributions$1,267,233
Employee contributions$1,937,200
Employer contribution per active participant$2,396
Average account balance$15,861
Benefits paid to participants$1,627,448
Plan auditDisclaimer of opinion
AuditorLAW OFFICE OF MATTHEW J. BORROR
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$6.6M · 263 accts · $145K emplr
2023$9.5M · 596 accts · $1.3M emplr
2022$6.1M · 422 accts · $1.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$59,122
Total administrative$59,122
The Pm & M Electric, Inc. dba Titan Solar Power 401(k) match · 2023
Employer contribution per active participant$2,396
Median for plans this size$1,308
2024$570 per active participant
2023$2,396 per active participant
2022$1,059 per active participant

Pm & M Electric, Inc. dba Titan Solar Power's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$45,869
ASCENSUS · Contract administrator · Other services$13,253

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

Administrative cost history4
2025Not separately reported
2024$93,398 · 1.16%
2023$59,122 · 0.76%
2022$57,233 · 1.08%
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The Rock Solid, Inc. AZ$11.5M · 0.13%
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Buesing Corp. AZ$9.1M · 1.14%
Shasta Industries, Inc. AZ$8.2M · 0.34%
Kearney Electric, Inc. AZ$8.2M · 0.58%
Sdb, Inc. AZ$8.1M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943012313 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.