Plan Ledger DOL Form 5500 · updated monthly

Effingham Machining & Assembly Components, Inc.401(k)

EMAC 401(K) PLAN · EFFINGHAM, IL · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Effingham Machining & Assembly Components, Inc. reported $37,047 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $5,232 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 has held roughly steady near 0.28%. 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 among the smaller plans on file in Illinois (2,080th of 3,702), and 7,435th of 13,661 in manufacturing. In 2024, the employer put in $1.21 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$13,869,027
Participants with balances186
Active participants150
Employer contributions$784,796
Employee contributions$647,768
Employer contribution per active participant$5,232
Average account balance$74,565
Benefits paid to participants$1,998,812
Plan auditUnmodified (clean) audit opinion
AuditorNATHAN WECHSLER & COMPANY, P.A.
Plan history2
Yearassets · accounts · employer contribution
2024$13.9M · 186 accts · $785K emplr
2023$12.6M · 215 accts · $638K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,047
Total administrative$37,047
The Effingham Machining & Assembly Components, Inc. 401(k) match · 2024
Employer contribution per active participant$5,232
Median for plans this size$2,416
2024$5,232 per active participant
2023$3,643 per active participant

Effingham Machining & Assembly Components, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$37,047

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

Administrative cost history2
2024$37,047 · 0.28%
2023$36,910 · 0.29%
Similar plansManufacturing · Illinois
Calumet Carton Company IL$14.0M · 0.46%
Kingery Printing Company IL$14.0M · 0.10%
Doumak, Inc. IL$14.0M · 0.05%
Elgin Industries, Inc. IL$13.8M · 0.44%
Electri-Flex Company IL$13.7M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 882146762 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.