Plan Ledger DOL Form 5500 · updated monthly

E.I. Microcircuits, Inc.401(k)

E.I. MICROCIRCUITS 401(K) PROFIT SHARING PLAN · MANKATO, MN · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

E.I. Microcircuits, Inc. reported $75,046 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,191 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 3 years on file its reported administrative ratio has held roughly steady near 0.26%. 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 673rd-largest of 1,918 plans among Minnesota employers on file, and the 4,329th of 13,661 in manufacturing. In 2024, employees put in $2.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,475,096
Participants with balances359
Active participants297
Employer contributions$650,711
Employee contributions$1,786,397
Employer contribution per active participant$2,191
Average account balance$87,674
Benefits paid to participants$1,899,257
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.5M · 359 accts · $651K emplr
2023$25.9M · 363 accts · $592K emplr
2022$20.2M · 308 accts · $478K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,586
Investment management$14,460
Total administrative$75,046
The E.I. Microcircuits, Inc. 401(k) match · 2024
Employer contribution per active participant$2,191
Median for plans this size$2,416
2024$2,191 per active participant
2023$1,821 per active participant
2022$1,712 per active participant

E.I. Microcircuits, Inc.'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
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$14,460

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$75,046 · 0.26%
2023$78,333 · 0.34%
2022$58,876 · 0.27%
Same employer
Similar plansManufacturing · Minnesota
Multi-Tech Systems, Inc. MN$32.4M · 0.31%
Arkray America MN$32.0M · 0.15%
U.M.C., Inc. MN$31.6M · 0.32%
United Sugars Corporation MN$31.4M · 0.08%
Teamvantage Buyer, LLC MN$31.0M · 0.38%
Retail Tech, Inc. MN$30.8M · 0.47%
Rotochopper, Inc. MN$30.5M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411496497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.