Mcgeorge Contracting Co., Inc. 401(k) Review & Grade
Mcgeorge Contracting Co., Inc. Retirement Savings Plan
Pine Bluff, ARMining, Oil & Gas504 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,798Employer $ per active participant
$5,254Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$95.6MNet plan assets, end of year
$120,877Average balance per account
Score breakdown
- Employer generosity41.0 / 5082th percentile for employer $ per participant
- Low cost18.6 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 75th |
| Employee saving | 28th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Mcgeorge Contracting Co. put in about $9,798 per active participant, more than the typical peer ($4,357). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,933,069 |
| Participant (employee) contributions | $2,645,455 |
| Other contributions (incl. rollovers in) | $7,862 |
| Administrative expenses paid from the plan | $89,800 |
| Other admin expenses | $89,800 |
| Benefits paid out | $9,309,273 |
| Net assets, start / end of year | $87.8M / $95.6M |
| Active participants, start / end of year | 475 / 532 |
| Participants with account balances | 791 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hogan Taylor, LLP |
Largest service providers (Schedule C)
| Morningstar | $8,583 reported compensation |
| Voya Retirement Advisors, LLC | $4,043 reported compensation |
| Hogan Taylor, LLP | $4,024 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250914083424NAL0000137555001, received 2025-09-14, EIN 71-0207991, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.