Plan Ledger DOL Form 5500 · updated monthly

Madison Industrial Solutions Corporation401(k)

MADISON INDUSTRIAL SOLUTIONS 401(K) PLAN · CHICAGO, IL · plan year 2022

Reported admin expense ratio · 2022
0.82%

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

Madison Industrial Solutions Corporation reported $122,692 in plan administrative expenses for 2022: 0.82% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,493 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 0.82% to 0.91%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,171st of 3,702), and 7,872nd of 13,661 in manufacturing. In 2022, employees put in $3.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,504,035
Participants with balances229
Active participants314
Employer contributions$468,808
Employee contributions$1,425,484
Employer contribution per active participant$1,493
Average account balance$54,603
Benefits paid to participants$2,335,249
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 129 accts · $212K emplr
2023$8.3M · 142 accts · $312K emplr
2022$12.5M · 229 accts · $469K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$37,050
Investment management$85,642
Total administrative$122,692
The Madison Industrial Solutions Corporation 401(k) match · 2022
Employer contribution per active participant$1,493
Median for plans this size$2,266
2024$1,597 per active participant
2023$2,065 per active participant
2022$1,493 per active participant

Madison Industrial Solutions Corporation's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$77,258 · 0.91%
2023$113,355 · 1.09%
2022$122,692 · 0.82%
Same employer
Similar plansManufacturing · Illinois
Litania Sports Group, Inc. IL$12.6M · 0.33%
Johnson & Quin, Inc. IL$12.4M · 0.50%
Bourn & Koch Inc. IL$12.4M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472282126 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.