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Original filing (PDF)20251008110538NAL0005740177001
MGE UNDERGROUND, INC.
Form 5500
FILING_RECEIVED
MGE UNDERGROUND, INC. 401(K) PLAN
401(k) retirement plan
Active participants
182
Accounts w/ balance
241
Plan assets (EOY)
$17.5M
Net assets (EOY)
$17.5M
How this plan invests
This plan
22 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
95
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
80
Vendor stack
100
Participation health
100
Knocking points off
- 38 bps in Schedule C fees — modestly above peer band of 29 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for MGE UNDERGROUND, INC..
Plan sponsor
Name
MGE UNDERGROUND, INC.
EIN
77-0514177
Address
P.O. BOX 4189 · PASO ROBLES, CA · 93447
Phone
(805) 238-3510
Industry
Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-08
Pension benefit codes
2A · Age/service weighted or new comparability
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
CALIBER AUDIT & ATTEST, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
5 rowsCustodian
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CHARLES SCHWAB TRUST BANK | 82-3967259 | — | CUSTODIAN | $4K | — |
Recordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EVOLVE | 83-3736646 | TEMPLETON, CA | RECORDKEEPER | $35K | — |
Advisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CORVUS WEALTH | 85-3315053 | TEMPLETON, CA | ADVISOR | $21K | — |
TPA / Administrator
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| HICKS PENSION SERVICES | 77-0155091 | SAN LUIS OBISPO, CA | TPA | $7K | — |
| HILDE MINKEL | — | SAN LUIS OBISPO, CA | CONTRACT ADMIN | $125 | — |
Investments
22 direct securities· $16.7M(96% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard Mid Cap Idx Admr Mutual fund | — | — | — | $2.4M | 14.0% | |
| Vanguard Growth Idx Admr Mutual fund | — | — | — | $2.4M | 13.5% | |
| American Funds 2045 Trgt Date Mutual fund | — | — | — | $1.9M | 11.1% | |
| Schwab S&P 500 Index Mutual fund | — | — | — | $1.8M | 10.3% | |
| American Fd Mutual Fd Cl R6 Mutual fund | — | — | — | $1.5M | 8.4% | |
| Schwab Small Cap Index Mutual fund | — | — | — | $1.4M | 7.9% | |
| Dfa Intl Core Equity I Mutual fund | — | — | — | $1.1M | 6.3% | |
| American Funds 2035 Trgt Date Mutual fund | — | — | — | $923K | 5.3% | |
| Dfa Emerg Mkts Core Equity P Mutual fund | — | — | — | $449K | 2.6% | |
| American Funds 2060 Trgt Date Mutual fund | — | — | — | $402K | 2.3% | |
| American Funds 2015 Trgt Date Mutual fund ** 17 American Funds 2055 Trgt Date Mutual fund | — | — | — | $392K | 2.2% | |
| American Funds 2025 Trgt Date Mutual fund | — | — | — | $344K | 2.0% | |
| American Funds 2040 Trgt Date Mutual fund | — | — | — | $338K | 1.9% | |
| Schwab Bank Savings Cash equivalent | — | — | — | $302K | 1.7% | |
| American Funds 2065 Trgt Date Mutual fund | — | — | — | $251K | 1.4% | |
| American Funds 2050 Trgt Date Mutual fund | — | — | — | $218K | 1.2% | |
| Vanguard Ttl Bd Mkt Idx Admr Mutual fund | — | — | — | $213K | 1.2% | |
| Vanguard Short-Term Corp Bond Mutual fund ** 203 Vanguard Total Intl Bd Idx Adm Mutual fund | — | — | — | $130K | 0.7% | |
| Participant loans Interest rates 4.50%- 9.50% - 0 - | — | — | — | $99K | 0.6% | |
| American Funds 2030 Trgt Date Mutual fund | — | — | — | $56K | 0.3% | |
| American Funds 2020 Trgt Date Mutual fund | — | — | — | $52K | 0.3% | |
| Vanguard Shrt Term Infl Prot S Mutual fund ** 197 Cash | — | — | — | $30K | 0.2% |
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