Plan Ledger DOL Form 5500 · updated monthly

United Contractors Midwest, Inc.401(k)

UNITED CONTRACTORS MIDWEST, INC. 401(K) RETIREMENT SAVINGS PLAN · SPRINGFIELD, IL · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

United Contractors Midwest, Inc. reported $126,754 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $4,205 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 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 828th-largest of 3,702 plans among Illinois employers on file, and the 952nd of 5,337 in construction. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$57,136,276
Participants with balances228
Active participants207
Employer contributions$870,344
Employee contributions$1,636,628
Employer contribution per active participant$4,205
Average account balance$250,598
Benefits paid to participants$7,254,971
Plan auditUnmodified (clean) audit opinion
AuditorKERBER, ECK, BRAECKEL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$57.1M · 228 accts · $870K emplr
2023$54.0M · 225 accts · $833K emplr
2022$47.6M · 210 accts · $793K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,178
Investment management$50,626
Audit (IQPA)$10,950
Total administrative$126,754
The United Contractors Midwest, Inc. 401(k) match · 2024
Employer contribution per active participant$4,205
Median for plans this size$3,635
2024$4,205 per active participant
2023$4,167 per active participant
2022$3,909 per active participant

United Contractors Midwest, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$65,177
MERRILL LYNCH CONSULTING SERVICES · Investment advisory (plan)$48,688
KERBER, ERK, & BRAECKEL · Accounting / audit$10,950
CHARLES SCHWAB & CO, INC. · Securities brokerage$908

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$126,754 · 0.23%
2023$120,688 · 0.24%
2022$114,675 · 0.22%
Same employer
Similar plansConstruction · Illinois
The McShane Companies IL$62.2M · 0.02%
Korte Construction Company IL$61.0M · 0.14%
Roadsafe Traffic Systems IL$59.5M · 0.50%
Leopardo Companies, Inc. IL$54.5M · 0.36%
Fhp Management, Inc. IL$50.6M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371409658 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.