Plan Ledger DOL Form 5500 · updated monthly

Fort Walton Machining, Inc.401(k)

THE FORT WALTON MACHINING 401(K) PLAN · FORT WALTON BEACH, FL · plan year 2025

Reported admin expense ratio · 2025
0.56%

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

Fort Walton Machining, Inc. reported $28,055 in plan administrative expenses for 2025: 0.56% of average plan assets, below the peer median. Employer contributions averaged $343 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 4 years on file its reported administrative ratio rose from 0.16% to 0.56%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (2,423rd of 3,644), and 11,025th of 13,661 in manufacturing. In 2025, employees put in $7.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,349,089
Participants with balances106
Active participants140
Employer contributions$47,973
Employee contributions$372,001
Employer contribution per active participant$343
Average account balance$50,463
Benefits paid to participants$678,378
Plan auditUnmodified (clean) audit opinion
AuditorAVIZO GROUP
Plan history5
Yearassets · accounts · employer contribution
2025$5.3M · 106 accts · $48K emplr
2024$4.8M · 104 accts · $46K emplr
2023$4.1M · 101 accts · $48K emplr
2022$3.5M · 106 accts · $51K emplr
2021$3.8M · 111 accts · $48K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$1,644
Investment management$26,411
Total administrative$28,055
The Fort Walton Machining, Inc. 401(k) match · 2025
Employer contribution per active participant$343
Median for plans this size$1,464
2025$343 per active participant
2024$329 per active participant
2023$363 per active participant
2022$375 per active participant
2021$373 per active participant

Fort Walton Machining, Inc.'s 2025 employer contribution ran below the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$13,129
THE PENSION CENTER OF FLORIDA INC · Contract administrator$2,129

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

Administrative cost history5
2025$28,055 · 0.56%
2024$25,628 · 0.58%
2023$17,538 · 0.46%
2022$1,873 · 0.05%
2021$5,679 · 0.16%
Same employer
Similar plansManufacturing · Florida
Osgood Industries, LLC FL$5.4M · 0.07%
Gq Investments, LLC FL$5.3M · 0.85%
Caribbean Distillers, LLC FL$5.2M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592823872 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.