Ram Construction Services of Michigan 401(k) match, vesting and fees
What Ram Construction Services of Michigan's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Doeren Mayhew Assurance (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 3,874 defined-contribution plans in construction with 100 to 499 participants.
| Ram Construction Services of Michigan: employer contribution per participant | $4,064 | |
| Peer median | $2,411 |
| Ram Construction Services of Michigan: average balance | $141,685 | |
| Peer median | $61,921 |
| Ram Construction Services of Michigan: admin expenses ÷ assets | 0.42% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $17.5M at the end of plan year 2021 to $20.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 192 | $20.8M | $597K | $4,064 | 0.42% | Not published | Form 5500 ↗ |
| 2023 | 180 | $18.1M | $553K | $4,156 | 0.40% | Not published | Form 5500 ↗ |
| 2022 | 164 | $14.5M | $457K | $3,654 | 0.39% | Not published | Form 5500 ↗ |
| 2021 | 151 | $17.5M | $391K | $3,430 | 0.45% | Not published | Form 5500 ↗ |
Common questions
Does Ram Construction Services of Michigan match 401(k) contributions?
The match terms for the Ram Construction Services 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $597K in employer contributions, about $4,064 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Ram Construction Services of Michigan 401(k) match vested?
The vesting schedule for the Ram Construction Services 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Ram Construction Services of Michigan 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Ram Construction Services of Michigan, Inc..
I left Ram Construction Services of Michigan. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ram Construction Services of Michigan, Inc., (734) 464-3800) or the recordkeeper, Principal Life Insurance Company. The Ram Construction Services of Michigan old 401(k) page lists the contacts from every plan filing. Find an old Ram Construction Services of Michigan 401(k)
Data from the public Form 5500 annual reports Ram Construction Services of Michigan filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Ram Construction Services of Michigan. Not financial advice. Report a correction · Methodology