Plan Ledger DOL Form 5500 · updated monthly

Madison-Kipp Corporation401(k)

MADISON-KIPP RETIREMENT SAVINGS PLAN · MADISON, WI · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Madison-Kipp Corporation reported $13,477 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,723 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 0.042% to 0.045%. 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 the 631st-largest of 1,936 plans among Wisconsin employers on file, and the 4,459th of 13,661 in manufacturing. In 2024, employees put in $2.18 for every $1.00 the employer contributed; active participation has grown from 320 to 372 since 2022.

Plan summary
Net assets, end of year$30,254,906
Participants with balances486
Active participants372
Employer contributions$640,972
Employee contributions$1,397,235
Employer contribution per active participant$1,723
Average account balance$62,253
Benefits paid to participants$6,712,864
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.3M · 486 accts · $641K emplr
2023$30.1M · 478 accts · $694K emplr
2022$26.8M · 503 accts · $704K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,658
Investment management$8,819
Total administrative$13,477
The Madison-Kipp Corporation 401(k) match · 2024
Employer contribution per active participant$1,723
Median for plans this size$2,416
2024$1,723 per active participant
2023$2,035 per active participant
2022$2,199 per active participant

Madison-Kipp Corporation's 2024 employer contribution ran below 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$8,819
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$4,656

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$13,477 · 0.04%
2023$13,780 · 0.05%
2022$12,590 · 0.04%
Same employer
Similar plansManufacturing · Wisconsin
Pflow Industries, Inc. WI$30.8M · 0.00%
Hypro, Inc. WI$30.5M · 0.49%
Steele Solutions, Inc. WI$30.3M · 0.48%
A&B Process Systems Corp WI$30.3M · 0.13%
Emmi Roth USA, Inc. WI$30.2M · 0.19%
Village Associates Inc. WI$29.9M · 0.22%
Deltrol Corporation WI$29.9M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390444080 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.