Plan Ledger DOL Form 5500 · updated monthly

Fender Musical Instruments Corporation401(k)

FENDER MUSICAL INSTRUMENTS 401(K) PLAN · SCOTTSDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Fender Musical Instruments Corporation reported $139,915 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $2,299 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 fell from 0.16% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 103rd-largest of 1,285 plans among Arizona employers on file, and the 1,534th of 13,661 in manufacturing. In 2024, employees put in $2.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$134,264,194
Participants with balances2,191
Active participants1,566
Employer contributions$3,600,917
Employee contributions$8,679,670
Employer contribution per active participant$2,299
Average account balance$61,280
Benefits paid to participants$14,242,014
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$134.3M · 2,191 accts · $3.6M emplr
2023$118.3M · 2,185 accts · $3.5M emplr
2022$99.6M · 2,107 accts · $3.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$139,915
Total administrative$139,915
The Fender Musical Instruments Corporation 401(k) match · 2024
Employer contribution per active participant$2,299
Median for plans this size$3,635
2024$2,299 per active participant
2023$2,163 per active participant
2022$2,449 per active participant

Fender Musical Instruments Corporation's 2024 employer contribution ran below the $3,635 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
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$139,915
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$139,915 · 0.11%
2023$99,975 · 0.09%
2022$166,825 · 0.16%
Same employer
Similar plansManufacturing · Arizona
Cavco Industries, Inc. AZ$181.8M · 0.27%
Asm America, Inc. AZ$180.5M · 0.09%
Sunstate Equipment Co., LLC AZ$164.0M · 0.19%
Sumco Phoenix Corporation AZ$160.1M · 0.12%
Tessenderlo Kerley, Inc. AZ$96.4M · 0.01%
Nammo Incorporated AZ$72.5M · 0.27%
Universal Electronics, Inc. AZ$68.0M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330081996 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.