Magnesium Products of America, Inc.401(k)
MAGNESIUM PRODUCTS OF AMERICA, INC. RETIREMENT SAVINGS PLAN · EATON RAPIDS, MI · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Magnesium Products of America, Inc. reported $109,198 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $2,249 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 0.35% to 0.37%. 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 776th-largest of 2,619 plans among Michigan employers on file, and the 4,424th of 13,661 in manufacturing. In 2024, employees put in $1.74 for every $1.00 the employer contributed; active participation has grown from 315 to 351 since 2022.
Magnesium Products of America, Inc.'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 383088065 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.