Retirement plan

MILES-MCCLELLAN CONSTRUCTION COMPANY, INC. 401(K) SALARY DEFERRAL PLAN

Name: MILES-MCCLELLAN CONSTRUCTION COMPANY, INC. - MILES-MCCLELLAN CONSTRUCTION COMPANY, INC. 401(K) SALARY DEFERRAL PLAN (2024) Form 5500
Creator: MILES-MCCLELLAN CONSTRUCTION COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILES-MCCLELLAN CONSTRUCTION COMPANY, INC. 401(K) SALARY DEFERRAL PLAN, MILES-MCCLELLAN CONSTRUCTION COMPANY, INC.

MILES-MCCLELLAN CONSTRUCTION COMPANY, INC.EIN 31-0987415Plan #005PY 2024

2100 BUILDERS PLACE - COLUMBUS, OH 43204614-487-7744mmbuildings.comLinkedIn51-200 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.7M

+33.7% from 2023

Total participants

338

+18.2% from 2023

Average account balance

$50,867

+10.2% from 2023

Annual return

17.12%

-2.81 pp from 2023

Benchmarks

See 1,561 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,561 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$16.74M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$51K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

329

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.12%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$279

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$48,425
EVERHART ADVISORS7 years Filed as: EVERHART FINANCIAL GROUP INC Service code 27 · EIN 31-1440043	Advisory (Plan)	$33,060
WILSON, SHANNON & SNOW, INC.9 years Service code 10 · EIN 31-0829879	Accounting	$10,293

Plan features & details

Pension benefit codes3H2D2U3D2E2G2J2T

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$92K

$348 / participant

Recordkeeping$48K52.8%
Investment mgmt$33K36.0%
Other / not subdivided$10K11.2%

% of EOY assets

0.548%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CROWE, LLP
Auditor EIN: 350921680
Audit fees: $10,293
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,867

$83,023-38.7%

$102,437-50.3%

$77,762-34.6%

Participation rate

96.6%

71.5%+25.0pp

74.5%+22.1pp

70.6%+26.0pp

Annual return

17.12%

19.12%-2.0pp

24.95%-7.8pp

31.27%-14.1pp

Employer contribution / active EE

$5,424

$3,552+52.7%

$3,871+40.1%

$2,728+98.8%

Participant deferral / active EE

$5,190

$4,110+26.3%

$5,060+2.6%

$4,651+11.6%

Admin fee / account holder

$279

$639-56.3%

$8,388-96.7%

$433-35.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$48,425

EVERHART ADVISORS7 years

Filed as: EVERHART FINANCIAL GROUP INC

Service code 27 · EIN 31-1440043

Advisory (Plan)

$33,060

WILSON, SHANNON & SNOW, INC.9 years

Service code 10 · EIN 31-0829879

Accounting

$10,293

MILES-MCCLELLAN CONSTRUCTION COMPANY, INC. 401(K) SALARY DEFERRAL PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILES-MCCLELLAN CONSTRUCTION COMPANY, INC. 401(K) SALARY DEFERRAL PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion