Plan Ledger DOL Form 5500 · updated monthly

Elite Manufacturing Technologies401(k)

EMT 401(K) RETIREMENT PLAN · BLOOMINGDALE, IL · plan year 2023

Reported admin expense ratio · 2023
0.88%

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

Elite Manufacturing Technologies reported $46,496 in plan administrative expenses for 2023: 0.88% of average plan assets, higher than ~75% of peers. Employer contributions averaged $787 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 1 year on file its reported administrative ratio rose from 0.83% to 0.88%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,888th of 3,702), and 10,916th of 13,661 in manufacturing. In 2023, employees put in $2.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,544,913
Participants with balances151
Active participants200
Employer contributions$157,452
Employee contributions$367,824
Employer contribution per active participant$787
Average account balance$36,721
Benefits paid to participants$640,251
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$5.5M · 151 accts · $157K emplr
2022$5.0M · 150 accts · $173K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$46,496
Total administrative$46,496
The Elite Manufacturing Technologies 401(k) match · 2023
Employer contribution per active participant$787
Median for plans this size$1,308
2023$787 per active participant
2022$810 per active participant

Elite Manufacturing Technologies's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$46,495

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

Administrative cost history2
2023$46,496 · 0.88%
2022$44,713 · 0.83%
Same employer
Similar plansManufacturing · Illinois
Milton Industries, Inc. IL$5.7M · 0.51%
Flex-N-Gate Texas LLC IL$5.7M · 0.27%
Chemtech Plastics, Inc. IL$5.7M · 0.92%
Era Industries, LLC IL$5.5M · 1.34%
Luster Products, Inc. IL$5.5M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363783021 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.