Plan Ledger DOL Form 5500 · updated monthly

M&J Valve Services Inc401(k)

M&J VALVE SERVICES INC 401(K) PROFIT SHARING PLAN & TRUST · LAFAYETTE, LA · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

M&J Valve Services Inc reported $39,303 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $1,618 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 0.56% to 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in Louisiana (532nd of 884), and 351st of 412 in utilities. In 2024, employees put in $2.19 for every $1.00 the employer contributed; active participation has grown from 117 to 133 since 2022.

Plan summary
Net assets, end of year$6,995,354
Participants with balances190
Active participants133
Employer contributions$215,134
Employee contributions$471,802
Employer contribution per active participant$1,618
Average account balance$36,818
Benefits paid to participants$498,704
Plan auditUnmodified (clean) audit opinion
AuditorARSEMENT REDD GARDNER BENOIT LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 190 accts · $215K emplr
2023$6.1M · 169 accts · $209K emplr
2022$4.8M · 170 accts · $197K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,847
Investment management$25,596
Trustee / custodial$860
Total administrative$39,303
The M&J Valve Services Inc 401(k) match · 2024
Employer contribution per active participant$1,618
Median for plans this size$1,313
2024$1,618 per active participant
2023$1,686 per active participant
2022$1,682 per active participant

M&J Valve Services Inc's 2024 employer contribution ran above the $1,313 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 · 20243
PAYCHEX, INC. · Recordkeeping$12,957
LPL FINANCIAL · Investment advisory (participants)$19,426
LPL FINANCIAL · Investment advisory (plan)$6,170

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

Recordkeeper by year2
2024Paychex
2023LPL Financial, Paychex

This plan has changed recordkeepers within these filings. If you left M&J Valve Services 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$39,303 · 0.60%
2023$30,694 · 0.56%
2022$29,122 · 0.56%
Same employer
Similar plansUtilities · Louisiana
Cleco Power LLC LA$476.1M · 0.09%
Retif Oil & Fuel, LLC LA$19.3M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721138121 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.