Plan Ledger DOL Form 5500 · updated monthly

Underwood Brothers, Inc. dba Aaa Landscape401(k)

UNDERWOOD BROTHERS, INC DBA AAA LANDSCAPE 401(K) PROFIT SHARING PLAN · PHOENIX, AZ · plan year 2020

Reported admin expense ratio · 2020
1.44%

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

Underwood Brothers, Inc. dba Aaa Landscape reported $43,455 in plan administrative expenses for 2020: 1.44% of average plan assets, higher than ~90% of peers. Employer contributions averaged $67 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 rose from 0.27% to 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 294 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Arizona (959th of 1,285), and 4,474th of 5,337 in construction. In 2020, employees put in $6.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,191,090
Participants with balances123
Active participants367
Employer contributions$24,646
Employee contributions$157,202
Employer contribution per active participant$67
Average account balance$25,944
Benefits paid to participants$153,140
Plan auditUnmodified (clean) audit opinion
AuditorBALDWIN MOFFITT BEHM LLP
Plan history3
Yearassets · accounts · employer contribution
2022$2.3M · 133 accts · $33K emplr
2020$3.2M · 123 accts · $25K emplr
2019$2.8M · 123 accts · $23K emplr
Administrative expenses, itemized · 2020
Recordkeeping & contract admin$1,100
Investment management$11,869
Total administrative$43,455
The Underwood Brothers, Inc. dba Aaa Landscape 401(k) match · 2020
Employer contribution per active participant$67
Median for plans this size$893
2022$76 per active participant
2020$67 per active participant
2019$62 per active participant

Underwood Brothers, Inc. dba Aaa Landscape's 2020 employer contribution ran below the $893 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 2020 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2022$24,047 · 0.96%
2020$43,455 · 1.44%
2019$6,892 · 0.27%
Same employer
Similar plansConstruction · Arizona
Desert Ready Mix, LLC AZ$3.4M · 0.48%
Rite Way Ventilating Co. AZ$3.2M · 1.51%
Spencer Construction, LLC AZ$3.0M · 1.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860396095 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.