Plan Ledger DOL Form 5500 · updated monthly

El Rey Mexican Products, Inc.401(k)

EL REY MEXICAN PRODUCTS, INC. PROFIT SHARING PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

El Rey Mexican Products, Inc. reported $52,028 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $596 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 0.17% to 0.33%. 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 Wisconsin (971st of 1,936), and the 6,603rd of 13,661 in manufacturing. In 2024, employees put in $1.43 for every $1.00 the employer contributed; active participation has grown from 285 to 535 since 2022.

Plan summary
Net assets, end of year$16,873,069
Participants with balances239
Active participants535
Employer contributions$318,920
Employee contributions$457,373
Employer contribution per active participant$596
Average account balance$70,599
Benefits paid to participants$446,421
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.9M · 239 accts · $319K emplr
2023$14.3M · 247 accts · $247K emplr
2022$14.1M · 249 accts · $208K emplr
The El Rey Mexican Products, Inc. 401(k) match · 2024
Employer contribution per active participant$596
Median for plans this size$2,416
2024$596 per active participant
2023$479 per active participant
2022$728 per active participant

El Rey Mexican Products, 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 · 20241
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$53,593

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill, Newport (Ascensus)

This plan has changed recordkeepers within these filings. If you left El Rey Mexican Products, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$52,028 · 0.33%
2023$65,261 · 0.46%
2022$25,763 · 0.17%
Similar plansManufacturing · Wisconsin
Kaysun Corporation WI$17.0M · 0.43%
Schumann Printers, Inc. WI$16.9M · 0.32%
Schwing Bioset, Inc. WI$16.8M · 0.43%
Walzcraft Industries, Inc WI$16.7M · 0.50%
E.K. Machine Company, Inc. WI$16.7M · 0.41%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 391332805 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.