Plan Ledger DOL Form 5500 · updated monthly

Primera Engineers, LTD401(k)

PRIMERA ENGINEERS 401K PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Primera Engineers, LTD reported $102,881 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,991 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 0.20% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,053rd-largest of 3,702 plans among Illinois employers on file, and the 3,193rd of 11,654 in professional & technical services. In 2024, employees put in $3.34 for every $1.00 the employer contributed; active participation has grown from 283 to 326 since 2022.

Plan summary
Net assets, end of year$41,825,289
Participants with balances432
Active participants326
Employer contributions$975,056
Employee contributions$3,258,829
Employer contribution per active participant$2,991
Average account balance$96,818
Benefits paid to participants$2,570,809
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.8M · 432 accts · $975K emplr
2023$33.7M · 406 accts · $880K emplr
2022$25.8M · 362 accts · $749K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,170
Investment management$53,711
Total administrative$102,881
The Primera Engineers, LTD 401(k) match · 2024
Employer contribution per active participant$2,991
Median for plans this size$2,416
2024$2,991 per active participant
2023$2,786 per active participant
2022$2,646 per active participant

Primera Engineers, LTD'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 · 20242
JOHN HANCOCK · Recordkeeping · Named fiduciary$53,109
UBS FINANCIAL SERVICES INC. · Consulting$53,711

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$102,881 · 0.27%
2023$51,452 · 0.17%
2022$54,733 · 0.20%
All plans at this employer2
PRIMERA ENGINEERS 401K PLAN401(k)
PRIMERA ENGINEERS ESOP PLANESOP
Same employer
Similar plansProfessional & Technical Services · Illinois
Vail Systems, Inc. IL$43.1M · 0.22%
Freedom Solutions Group LLC IL$42.7M · 0.33%
Harrison LLP IL$41.7M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363520747 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.