Plan Ledger DOL Form 5500 · updated monthly

Primetech International, Inc.401(k)

THE CONTRACTORS RETIREMENT PLAN · NORTH KANSAS CITY, MO · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Primetech International, Inc. reported $4,500 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,113 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 0.12% to 0.09%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Missouri (1,043rd of 1,393), and 3,805th of 5,337 in construction. In 2024, the employer put in $1.94 for every $1.00 employees contributed themselves; active participation has grown from 345 to 527 since 2022.

Plan summary
Net assets, end of year$5,861,644
Participants with balances376
Active participants527
Employer contributions$1,113,308
Employee contributions$573,532
Employer contribution per active participant$2,113
Average account balance$15,589
Benefits paid to participants$360,929
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 376 accts · $1.1M emplr
2023$4.3M · 301 accts · $472K emplr
2022$3.3M · 216 accts · $441K emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$4,500
Total administrative$4,500
The Primetech International, Inc. 401(k) match · 2024
Employer contribution per active participant$2,113
Median for plans this size$1,313
2024$2,113 per active participant
2023$2,323 per active participant
2022$1,279 per active participant

Primetech International, Inc.'s 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024$4,500 · 0.09%
2023$4,000 · 0.11%
2022$4,000 · 0.12%
Same employer
Similar plansConstruction · Missouri
Hth Companies, Inc. MO$7.2M · 0.49%
Branco Enterprises, Inc. MO$7.1M · 0.65%
Aspen Contracting, Inc. MO$5.1M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208758498 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.