Plan Ledger DOL Form 5500 · updated monthly

M. Argueso & Co., Inc.401(k)

M. ARGUESO & CO., INC. 401(K) PLAN & TRUST · MUSKEGON, MI · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

M. Argueso & Co., Inc. reported $33,104 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $2,917 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 0.53% to 0.29%. 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 among the smaller plans on file in Michigan (1,433rd of 2,619), and 8,169th of 13,661 in manufacturing. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 114 to 154 since 2022.

Plan summary
Net assets, end of year$11,577,791
Participants with balances183
Active participants154
Employer contributions$449,187
Employee contributions$705,892
Employer contribution per active participant$2,917
Average account balance$63,267
Benefits paid to participants$2,626,298
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.6M · 183 accts · $449K emplr
2023$11.0M · 180 accts · $374K emplr
2022$9.8M · 114 accts · $259K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,951
Investment management$26,153
Total administrative$33,104
The M. Argueso & Co., Inc. 401(k) match · 2024
Employer contribution per active participant$2,917
Median for plans this size$2,416
2024$2,917 per active participant
2023$2,619 per active participant
2022$2,273 per active participant

M. Argueso & Co., Inc.'s 2024 employer contribution ran above 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$14,957
ROCKEFELLER FINANCIAL LLC · Investment advisory (plan)$11,196

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$33,104 · 0.29%
2023$38,398 · 0.37%
2022$56,552 · 0.53%
Same employer
Similar plansManufacturing · Michigan
Orbitform Group, LLC MI$11.8M · 0.41%
Whitlam Group, Inc. MI$11.6M · 0.16%
Trulife, Inc. MI$11.5M · 0.25%
Great Lakes Castings, LLC MI$11.2M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223788131 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.