Plan Ledger DOL Form 5500 · updated monthly

United Infrastructure Group, Inc.401(k)

UNITED INFRASTRUCTURE GROUP 401(K) AND PROFIT · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.77%

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

United Infrastructure Group, Inc. reported $104,926 in plan administrative expenses for 2024: 0.77% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,256 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 2 years on file its reported administrative ratio rose from 0.54% to 0.77%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 884th-largest of 2,005 plans among North Carolina employers on file, and the 2,482nd of 5,337 in construction. In 2024, employees put in $1.48 for every $1.00 the employer contributed; active participation has grown from 318 to 639 since 2022.

Plan summary
Net assets, end of year$14,873,072
Participants with balances564
Active participants639
Employer contributions$1,441,484
Employee contributions$2,129,054
Employer contribution per active participant$2,256
Average account balance$26,371
Benefits paid to participants$2,412,027
Plan auditUnmodified (clean) audit opinion
AuditorBAUKNIGHT PIETRAS & STORMER, PA
Plan history3
Yearassets · accounts · employer contribution
2024$14.9M · 564 accts · $1.4M emplr
2023$12.4M · 523 accts · $1.0M emplr
2022$9.7M · 329 accts · $619K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$104,926
Total administrative$104,926
The United Infrastructure Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,256
Median for plans this size$2,416
2024$2,256 per active participant
2023$2,359 per active participant
2022$1,947 per active participant

United Infrastructure Group, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20245
PENSERV PLAN SERVICES · Recordkeeping$31,576
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$46,164
WELLS FARGO ADVISORS · Trustee (directed)$22,315
MG TRUST COMPANY, LLC · Custodial (securities)$4,871
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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
2024PENSERV PLAN SERVICES
2023PENSERV PLAN SERVICES

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

Administrative cost history3
2024$104,926 · 0.77%
2023$61,592 · 0.56%
2022$53,898 · 0.54%
Same employer
Similar plansConstruction · North Carolina
Fitch Creations, Inc. NC$16.9M · 0.34%
Hoopaugh Grading Co., LLC NC$16.6M · 0.06%
Salem Electric Company, Inc NC$15.5M · 0.45%
Alaris Homes, Inc. NC$14.3M · 0.62%
The Hamlin Companies, Inc. NC$14.1M · 0.55%
Barringer Construction NC$14.0M · 0.59%
Spc Mechanical Corporation NC$13.7M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570677291 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.