Plan Ledger DOL Form 5500 · updated monthly

Sun Mechanical Contracting, Inc.401(k)

SUN MECHANICAL CONTRACTING, INC. 401(K) RETIREMENT PLAN · TUCSON, AZ · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Sun Mechanical Contracting, Inc. reported $54,641 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $1,085 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 0.70% to 0.57%. 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 the 598th-largest of 1,285 plans among Arizona employers on file, and 3,116th of 5,337 in construction. In 2024, employees put in $1.92 for every $1.00 the employer contributed; active participation has grown from 279 to 409 since 2022.

Plan summary
Net assets, end of year$9,814,888
Participants with balances185
Active participants409
Employer contributions$443,651
Employee contributions$853,245
Employer contribution per active participant$1,085
Average account balance$53,053
Benefits paid to participants$1,976,939
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 185 accts · $444K emplr
2023$9.4M · 166 accts · $384K emplr
2022$7.7M · 173 accts · $365K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,985
Investment management$34,656
Total administrative$54,641
The Sun Mechanical Contracting, Inc. 401(k) match · 2024
Employer contribution per active participant$1,085
Median for plans this size$1,313
2024$1,085 per active participant
2023$1,548 per active participant
2022$1,307 per active participant

Sun Mechanical Contracting, Inc.'s 2024 employer contribution ran below 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.

Service providers · 20242
WELLSPRING FINANCIAL PARTNERS · Investment advisory (plan)$34,656
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$19,985

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

Administrative cost history3
2024$54,641 · 0.57%
2023$53,610 · 0.63%
2022$59,918 · 0.70%
Similar plansConstruction · Arizona
Sunbelt Modular Inc. AZ$11.8M · 0.07%
The Rock Solid, Inc. AZ$11.5M · 0.13%
Jenco, Inc. AZ$9.7M · 0.93%
Buesing Corp. AZ$9.1M · 1.14%
Shasta Industries, Inc. AZ$8.2M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860362106 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.