Plan Ledger DOL Form 5500 · updated monthly

Macuch Steel Products, Inc.401(k)

MACUCH STEEL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN AND TRUST · AUGUSTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Macuch Steel Products, Inc. reported $5,090 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $418 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 0.91% to 0.11%. 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 Georgia (1,633rd of 2,160), and 11,287th of 13,661 in manufacturing. In 2024, employees put in $6.97 for every $1.00 the employer contributed; active participation has grown from 94 to 108 since 2022.

Plan summary
Net assets, end of year$4,841,796
Participants with balances126
Active participants108
Employer contributions$45,135
Employee contributions$314,813
Employer contribution per active participant$418
Average account balance$38,427
Benefits paid to participants$212,602
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 126 accts · $45K emplr
2023$4.3M · 148 accts · $43K emplr
2022$3.9M · 114 accts · $38K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,684
Investment management$406
Total administrative$5,090
The Macuch Steel Products, Inc. 401(k) match · 2024
Employer contribution per active participant$418
Median for plans this size$1,313
2024$418 per active participant
2023$413 per active participant
2022$400 per active participant

Macuch Steel Products, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$406

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$5,090 · 0.11%
2023$17,388 · 0.42%
2022$40,113 · 0.91%
Similar plansManufacturing · Georgia
Lumite, Inc. GA$5.2M · 0.01%
Hanwha Q Cells USA, Inc. GA$5.1M · 1.60%
Applied Ceramics, Inc. GA$5.0M · 0.02%
Gfmco, LLC GA$4.7M · 0.54%
Latino Enterprises, Inc GA$4.6M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580629280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.