Plan Ledger DOL Form 5500 · updated monthly

U.S Mechanical Limited Company401(k)

USM/SM/USOFS 401(K) PROFIT SHARING PLAN · PLEASANT GROVE, UT · plan year 2024

Reported admin expense ratio · 2024
1.20%

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

U.S Mechanical Limited Company reported $50,792 in plan administrative expenses for 2024: 1.20% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,941 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 3 years on file its reported administrative ratio has held roughly steady near 1.20%. 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 Utah (606th of 848), and 3,977th of 5,337 in construction. In 2024, employees put in $1.88 for every $1.00 the employer contributed; active participation has grown from 128 to 194 since 2022.

Plan summary
Net assets, end of year$5,064,080
Participants with balances219
Active participants194
Employer contributions$570,619
Employee contributions$1,073,264
Employer contribution per active participant$2,941
Average account balance$23,124
Benefits paid to participants$446,768
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 219 accts · $571K emplr
2023$3.4M · 247 accts · $438K emplr
2022$1.8M · 185 accts · $341K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,792
Total administrative$50,792
The U.S Mechanical Limited Company 401(k) match · 2024
Employer contribution per active participant$2,941
Median for plans this size$1,313
2024$2,941 per active participant
2023$2,533 per active participant
2022$2,660 per active participant

U.S Mechanical Limited Company's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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
ASCENT RETIREMENT ADVISORS LLC · Investment advisory (plan)$24,794
NOVA 401(K) ASSOCIATES · Contract administrator$7,571

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$50,792 · 1.20%
2023$26,874 · 1.03%
2022$18,320 · 1.15%
Same employer
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Vancon, Inc UT$5.9M · 0.03%
A & I Floor Covering Inc UT$5.8M · 0.03%
Morgan Asphalt, Inc. UT$5.1M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870501447 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.