Plan Ledger DOL Form 5500 · updated monthly

Interstate-McBee, LLC401(k)

INTERSTATE-MCBEE RETIREMENT PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Interstate-McBee, LLC reported $96,492 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $1,927 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 0.15% to 0.39%. 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 the 1,087th-largest of 3,295 plans among Ohio employers on file, and the 4,997th of 13,661 in manufacturing. In 2024, employees put in $2.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,902,364
Participants with balances353
Active participants297
Employer contributions$572,370
Employee contributions$1,546,139
Employer contribution per active participant$1,927
Average account balance$73,378
Benefits paid to participants$2,328,613
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.9M · 353 accts · $572K emplr
2023$23.4M · 338 accts · $552K emplr
2022$19.9M · 348 accts · $517K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,431
Investment management$57,061
Total administrative$96,492
The Interstate-McBee, LLC 401(k) match · 2024
Employer contribution per active participant$1,927
Median for plans this size$2,416
2024$1,927 per active participant
2023$1,973 per active participant
2022$1,712 per active participant

Interstate-McBee, LLC's 2024 employer contribution ran below the $2,416 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
CAPFINANCIAL PARTNERS, LLC · Investment advisory (participants) · Investment advisory (plan)$57,061
LINCOLN NATIONAL CORPORATION · Contract administrator$39,431

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

Administrative cost history3
2024$96,492 · 0.39%
2023$101,601 · 0.47%
2022$32,369 · 0.15%
Similar plansManufacturing · Ohio
Smithfoods Inc. OH$26.2M · 0.22%
Richards Industrials, Inc. OH$26.2M · 0.07%
Coltene/Whaledent, Inc. OH$25.9M · 0.39%
Luxium Solutions, LLC OH$25.9M · 0.24%
Buckeye Ready-Mix, L.L.C. OH$25.8M · 0.22%
Westerman, Inc. OH$25.7M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341922271 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.