Plan Ledger DOL Form 5500 · updated monthly

U-Tec Construction, Inc.401(k)

U-TEC CONSTRUCTION, INC. RETIREMENT PLAN · LAWRENCEVILLE, GA · plan year 2023

Reported admin expense ratio · 2023
1.45%

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

U-Tec Construction, Inc. reported $65,088 in plan administrative expenses for 2023: 1.45% of average plan assets, higher than ~90% of peers. Employer contributions averaged $210 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 1 year on file its reported administrative ratio fell from 1.56% to 1.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Georgia (1,622nd of 2,160), and 3,993rd of 5,337 in construction. In 2023, employees put in $7.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,005,106
Participants with balances405
Active participants369
Employer contributions$77,396
Employee contributions$577,741
Employer contribution per active participant$210
Average account balance$12,358
Benefits paid to participants$374,026
Plan auditUnmodified (clean) audit opinion
AuditorBROWN & ASSOCIATES, PC
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$5.0M · 405 accts · $77K emplr
2022$4.0M · 389 accts · $72K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$39,202
Investment management$25,886
Total administrative$65,088
The U-Tec Construction, Inc. 401(k) match · 2023
Employer contribution per active participant$210
Median for plans this size$1,308
2023$210 per active participant
2022$209 per active participant

U-Tec Construction, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$39,203
BENSOURCE EMPLOYEE BENEFITS · Investment advisory (participants) · Investment advisory (plan)$22,780
CHARLES SCHWAB BANK · Custodial (securities) · Loan processingindirect comp

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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

Administrative cost history3
2024Not separately reported
2023$65,088 · 1.45%
2022$68,142 · 1.56%
Same employer
Similar plansConstruction · Georgia
Sei Group, LLC GA$5.0M · 0.75%
Forza Group, Inc. GA$4.3M · 0.09%
Amr Resources, LLC GA$4.3M · 1.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582441098 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.