Plan Ledger DOL Form 5500 · updated monthly

Maconit, Inc.401(k)

MACONIT, INC. 401(K) PROFIT SHARING PLAN · CHESTERFIELD, VA · plan year 2025

Reported admin expense ratio · 2025
0.63%

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

Maconit, Inc. reported $52,529 in plan administrative expenses for 2025: 0.63% of average plan assets, above the peer median. Employer contributions averaged $4,319 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 3 years on file its reported administrative ratio rose from 0.59% to 0.63%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,550th of 2,266), and 8,440th of 11,654 in professional & technical services. In 2025, employees put in $1.81 for every $1.00 the employer contributed; active participation has shrunk from 73 to 63 since 2022.

Plan summary
Net assets, end of year$8,650,662
Participants with balances130
Active participants63
Employer contributions$272,091
Employee contributions$492,583
Employer contribution per active participant$4,319
Average account balance$66,544
Benefits paid to participants$1,536,704
Plan auditUnmodified (clean) audit opinion
AuditorPLANCHECK CPA'S LLC
Plan history4
Yearassets · accounts · employer contribution
2025$8.7M · 130 accts · $272K emplr
2024$8.1M · 130 accts · $303K emplr
2023$7.8M · 128 accts · $351K emplr
2022$6.5M · 122 accts · $375K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$52,529
Total administrative$52,529
The Maconit, Inc. 401(k) match · 2025
Employer contribution per active participant$4,319
Median for plans this size$1,464
2025$4,319 per active participant
2024$4,891 per active participant
2023$4,810 per active participant
2022$5,131 per active participant

Maconit, Inc.'s 2025 employer contribution ran above the $1,464 median for plans its size, placing it in the top 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 · 20252
DAVENPORT & COMPANY LLC · Recordkeeping$32,084
JOHN HANCOCK USA · Recordkeeping$16,042

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

Recordkeeper by year3
2025DAVENPORT & COMPANY LLC, John Hancock
2024DAVENPORT & COMPANY LLC, John Hancock
2023DAVENPORT & COMPANY LLC, John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$52,529 · 0.63%
2024$49,049 · 0.61%
2023$44,355 · 0.62%
2022$40,750 · 0.59%
Similar plansProfessional & Technical Services · Virginia
Loch Harbour Group Inc VA$8.7M · 0.84%
Synchron, LLC VA$8.7M · 0.54%
Afg Group Inc VA$8.7M · 0.54%
Legal Aid Justice Center VA$8.6M · 0.02%
Three Wire Systems, LLC VA$8.6M · 0.79%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 300294560 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.