Plan Ledger DOL Form 5500 · updated monthly

Turner Mining Group, LLC401(k)

TURNER MINING GROUP 401(K) PLAN · BLOOMINGTON, IN · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Turner Mining Group, LLC reported $11,271 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,278 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 0.69% to 0.28%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in Indiana (1,203rd of 1,562), and 514th of 612 in mining, oil & gas extraction. In 2024, employees put in $2.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,612,924
Participants with balances346
Active participants290
Employer contributions$370,578
Employee contributions$904,817
Employer contribution per active participant$1,278
Average account balance$13,332
Benefits paid to participants$611,140
Plan auditUnmodified (clean) audit opinion
AuditorCBIZ CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 346 accts · $371K emplr
2023$3.4M · 238 accts · $231K emplr
2022$854K · 353 accts · $134K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,267
Investment management$4
Total administrative$11,271
The Turner Mining Group, LLC 401(k) match · 2024
Employer contribution per active participant$1,278
Median for plans this size$1,313
2024$1,278 per active participant
2023$1,314 per active participant

Turner Mining Group, LLC'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 · 20241
ADP, INC. · Loan processing · Recordkeeping$11,270

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

Recordkeeper by year2
2024ADP
2023ADP, CBIZ MHM, LLC

This plan has changed recordkeepers within these filings. If you left Turner Mining Group, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$11,271 · 0.28%
2023$32,214 · 1.52%
2022$5,957 · 0.69%
Similar plansMining, Oil & Gas Extraction · Indiana
Sunrise Coal, LLC IN$52.3M · 0.13%
Ameriqual Group, LLC IN$51.0M · 0.02%
Pioneer Oil Co Inc IN$2.6M · 0.43%
Turner Contracting, Inc. IN$1.6M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 821005838 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.