Plan Ledger DOL Form 5500 · updated monthly

M & M Asphalt Maintenance, Inc.401(k)

M & M ASPHALT MAINTENANCE, INC. RETIREMENT PLAN · DELRAY BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.88%

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

M & M Asphalt Maintenance, Inc. reported $50,313 in plan administrative expenses for 2024: 0.88% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,183 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 1.00% to 0.88%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (2,278th of 3,644), and 10,545th of 13,661 in manufacturing. In 2024, employees put in $1.27 for every $1.00 the employer contributed; active participation has grown from 144 to 163 since 2022.

Plan summary
Net assets, end of year$6,259,017
Participants with balances419
Active participants163
Employer contributions$355,834
Employee contributions$451,256
Employer contribution per active participant$2,183
Average account balance$14,938
Benefits paid to participants$405,221
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 419 accts · $356K emplr
2023$5.1M · 355 accts · $315K emplr
2022$3.7M · 303 accts · $343K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,104
Investment management$36,209
Total administrative$50,313
The M & M Asphalt Maintenance, Inc. 401(k) match · 2024
Employer contribution per active participant$2,183
Median for plans this size$1,313
2024$2,183 per active participant
2023$2,129 per active participant
2022$2,381 per active participant

M & M Asphalt Maintenance, 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 · 20241
WELLS FARGO CLEARING SERVICES LLC · Custodial (securities) · Investment advisory (plan)$2,448

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$50,313 · 0.88%
2023$45,809 · 1.04%
2022$35,663 · 1.00%
Same employer
Similar plansManufacturing · Florida
National Molding, LLC FL$6.4M · 0.16%
Altira, Inc. FL$6.3M · 0.58%
Turbopower, LLC. FL$6.3M · 0.58%
Hear.com FL$6.2M · 0.98%
A & N Corporation FL$6.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611595442 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.