Plan Ledger DOL Form 5500 · updated monthly

Teague Electric Construction, Inc.401(k)

TEAGUE ELECTRIC CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN · LENEXA, KS · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Teague Electric Construction, Inc. reported $46,229 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $892 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 0.48% to 0.55%. 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 Kansas (534th of 828), and 3,296th of 5,337 in construction. In 2024, employees put in $3.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,653,760
Participants with balances175
Active participants151
Employer contributions$134,689
Employee contributions$531,634
Employer contribution per active participant$892
Average account balance$49,450
Benefits paid to participants$998,956
Plan auditUnmodified (clean) audit opinion
AuditorMARKS NELSON LLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 175 accts · $135K emplr
2023$8.1M · 177 accts · $71K emplr
2022$7.3M · 182 accts · $71K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,229
Total administrative$46,229
The Teague Electric Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$892
Median for plans this size$1,313
2024$892 per active participant
2023$455 per active participant
2022$446 per active participant

Teague Electric Construction, 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 · 20243
PRIME CAPITAL INVESTMENT ADVISORS L · Investment advisory (plan)$17,761
BENEFIT PLANS PLUS, LLC · Contract administratorindirect comp

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$46,229 · 0.55%
2023$45,448 · 0.59%
2022$38,413 · 0.48%
Same employer
Similar plansConstruction · Kansas
Pearson Construction, LLC KS$9.8M · 0.76%
Hi-Tech Interiors, Inc. KS$8.9M · 0.46%
REMEDI8 Holdings Corp. KS$8.8M · 0.73%
P1 Service, LLC KS$7.9M · 0.31%
Higgins Group, Inc. KS$7.8M · 0.52%
Dm Gary Holding Company KS$7.6M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 481088280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.