Plan Ledger DOL Form 5500 · updated monthly

Deister Machine Company, Inc.401(k)

DEISTER MACHINE COMPANY, INC. 401K SALARY REDUCTION PLAN AND TRUST · FORT WAYNE, IN · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Deister Machine Company, Inc. reported $71,732 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $1,293 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 rose from 0.01% to 0.39%. 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 595th-largest of 1,562 plans among Indiana employers on file, and the 6,214th of 13,661 in manufacturing. In 2024, employees put in $2.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,562,552
Participants with balances352
Active participants315
Employer contributions$407,280
Employee contributions$1,015,603
Employer contribution per active participant$1,293
Average account balance$52,735
Benefits paid to participants$2,988,298
Plan auditUnmodified (clean) audit opinion
AuditorKATZ SAPPER & MILLER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$18.6M · 352 accts · $407K emplr
2023$17.8M · 359 accts · $489K emplr
2022$15.4M · 347 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,044
Investment management$28,688
Total administrative$71,732
The Deister Machine Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,293
Median for plans this size$2,416
2024$1,293 per active participant
2023$1,610 per active participant

Deister Machine Company, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 RETIREMENT PLAN SERVIC · Recordkeeping · Loan processing$44,517
SIGMA FINANCIAL CORPORATION · Investment advisory (plan)$27,215

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$71,732 · 0.39%
2023$62,895 · 0.38%
2022$1,300 · 0.01%
Same employer
Similar plansManufacturing · Indiana
Helmer Scientific LLC IN$19.0M · 0.40%
Aluminum Trailer Company IN$18.8M · 0.02%
Anchor Industries, Inc. IN$18.8M · 0.41%
Graber Post Buildings, Inc. IN$18.7M · 0.23%
Auburn Gear, LLC IN$18.5M · 0.34%
Micrometl Corporation IN$18.5M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350266470 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.