Plan Ledger DOL Form 5500 · updated monthly

Dexter Magnetic Holdings, LLC401(k)

DEXTER MAGNETIC HOLDINGS, LLC 401(K) PLAN · ELK GROVE VILLAGE, IL · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Dexter Magnetic Holdings, LLC reported $84,876 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,846 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 0.00% to 0.34%. 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 1,262nd-largest of 3,702 plans among Illinois employers on file, and the 4,277th of 13,661 in manufacturing. In 2024, employees put in $3.17 for every $1.00 the employer contributed; active participation has grown from 265 to 427 since 2022.

Plan summary
Net assets, end of year$31,999,819
Participants with balances480
Active participants427
Employer contributions$788,446
Employee contributions$2,496,544
Employer contribution per active participant$1,846
Average account balance$66,666
Benefits paid to participants$2,589,975
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.0M · 480 accts · $788K emplr
2023$17.6M · 342 accts · $667K emplr
2022$17.6M · 326 accts · $79K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,351
Investment management$38,525
Total administrative$84,876
The Dexter Magnetic Holdings, LLC 401(k) match · 2024
Employer contribution per active participant$1,846
Median for plans this size$2,416
2024$1,846 per active participant
2023$2,098 per active participant
2022$297 per active participant

Dexter Magnetic Holdings, 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$46,351
MONETA GROUP INVESTMENT ADVISORS · Investment advisory (plan)$38,525

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

Administrative cost history3
2024$84,876 · 0.34%
2023$72,475 · 0.41%
2022$225 · 0.00%
Same employer
Similar plansManufacturing · Illinois
Parsons Company, Inc. IL$32.8M · 0.28%
Dukane Ias, LLC IL$32.7M · 0.26%
Melinta Subsidiary Corp. IL$32.7M · 0.27%
Peerless Industries, Inc. IL$31.6M · 0.10%
Furst-McNess Company IL$31.6M · 0.16%
Parr Instrument Company IL$31.2M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 880868607 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.