Plan Ledger DOL Form 5500 · updated monthly

Alco Manufacturing Corporation LLC401(k)

ALCO MANUFACTURING CORPORATION LLC 401(K) PLAN · ELYRIA, OH · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Alco Manufacturing Corporation LLC reported $108,107 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $2,062 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 fell from 0.51% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,078th-largest of 3,295 plans among Ohio employers on file, and the 4,970th of 13,661 in manufacturing. In 2024, employees put in $1.92 for every $1.00 the employer contributed; active participation has shrunk from 515 to 359 since 2022.

Plan summary
Net assets, end of year$26,151,669
Participants with balances300
Active participants359
Employer contributions$740,385
Employee contributions$1,422,729
Employer contribution per active participant$2,062
Average account balance$87,172
Benefits paid to participants$3,139,710
Plan auditUnmodified (clean) audit opinion
AuditorMEADON & MOORE LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$26.2M · 300 accts · $740K emplr
2023$24.3M · 416 accts · $846K emplr
2022$21.6M · 432 accts · $872K emplr
The Alco Manufacturing Corporation LLC 401(k) match · 2024
Employer contribution per active participant$2,062
Median for plans this size$2,416
2024$2,062 per active participant
2023$1,860 per active participant
2022$1,693 per active participant

Alco Manufacturing Corporation LLC'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 · 20242
JOHN HANCOCK · Recordkeeping · Investment management$45,375
MORGAN STANLEY · Contract administrator$45,362

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$108,107 · 0.43%
2023$124,196 · 0.54%
2022$112,672 · 0.51%
Same employer
Similar plansManufacturing · Ohio
The Hc Companies, Inc. OH$26.5M · 0.63%
Smithfoods Inc. OH$26.2M · 0.22%
Richards Industrials, Inc. OH$26.2M · 0.07%
Interstate-McBee, LLC OH$25.9M · 0.39%
Coltene/Whaledent, Inc. OH$25.9M · 0.39%
Luxium Solutions, LLC OH$25.9M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204668788 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.