Plan Ledger DOL Form 5500 · updated monthly

Underground Contractors, Inc.401(k)

UNDERGROUND CONTRACTORS, INC. 401(K) PLAN · WIXOM, MI · plan year 2024

Reported admin expense ratio · 2024
0.60%

Underground Contractors, Inc. reported $17,220 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. 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 0.07% to 0.60%. 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 Michigan (2,249th of 2,619), and 4,517th of 5,337 in construction. active participation has grown from 86 to 113 since 2022.

Plan summary
Net assets, end of year$3,040,598
Participants with balances103
Active participants113
Employer contributions—
Employee contributions$359,292
Employer contribution per active participant—
Average account balance$29,520
Benefits paid to participants$322,540
Plan auditQualified audit opinion
AuditorLISA KEIGHER
Plan history3
Yearassets · accounts · employer contribution
2024$3.0M · 103 accts
2023$2.7M · 116 accts
2022$2.1M · 147 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,220
Total administrative$17,220
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$16,165
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$17,220 · 0.60%
2023$5,992 · 0.25%
2022$1,496 · 0.07%
Similar plansConstruction · Michigan
Lecom, Inc MI$3.4M · 0.11%
Flame Holdings, LLC MI$3.4M · 0.58%
Blasius Inc. MI$3.3M · 0.96%
Elite Fire Safety Inc MI$3.3M · 0.09%
Jde Concrete Inc. MI$3.0M · 0.44%
Hard Rock Stone Works MI$2.7M · 0.27%
Roco Management MI$2.7M · 1.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383139873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.