Plan Ledger DOL Form 5500 · updated monthly

Modigent LLC401(k)

PUEBLO MECHANICAL & CONTROLS 401(K) PLAN · TUCSON, AZ · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Modigent LLC reported $261,579 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,000 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 0.88% to 0.65%. 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 188th-largest of 1,285 plans among Arizona employers on file, and the 1,042nd of 5,337 in construction. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 623 to 1,448 since 2022.

Plan summary
Net assets, end of year$50,856,751
Participants with balances1,013
Active participants1,448
Employer contributions$2,896,040
Employee contributions$5,325,015
Employer contribution per active participant$2,000
Average account balance$50,204
Benefits paid to participants$3,792,862
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$50.9M · 1,013 accts · $2.9M emplr
2023$29.9M · 816 accts · $1.9M emplr
2022$13.3M · 385 accts · $815K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$143,806
Investment management$117,773
Total administrative$261,579
The Modigent LLC 401(k) match · 2024
Employer contribution per active participant$2,000
Median for plans this size$2,416
2024$2,000 per active participant
2023$1,508 per active participant
2022$1,309 per active participant

Modigent LLC's 2024 employer contribution ran below 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 · 20241
ASSETMARK RETIREMENT SERVICES, INC. · Recordkeeping$261,579

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

Recordkeeper by year2
2024ASSETMARK RETIREMENT SERVICES, INC.
2023ASSETMARK RETIREMENT SERVICES, INC.

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

Administrative cost history3
2024$261,579 · 0.65%
2023$176,455 · 0.82%
2022$106,569 · 0.88%
Same employer
Similar plansConstruction · Arizona
Kitchell Corporation AZ$87.3M · 0.20%
Alita Care Holdings LLC AZ$45.6M · 0.54%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 861027390 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.