Plan Ledger DOL Form 5500 · updated monthly

Mahoney Foundries, Inc.401(k)

MAHONEY FOUNDRIES, INC. SAVINGS AND RETIREMENT PLAN · KENDALLVILLE, IN · plan year 2024

Reported admin expense ratio · 2024
1.10%

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

Mahoney Foundries, Inc. reported $72,286 in plan administrative expenses for 2024: 1.10% of average plan assets, higher than ~75% of peers. Employer contributions averaged $830 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 has held roughly steady near 1.10%. 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 Indiana (1,045th of 1,562), and 10,142nd of 13,661 in manufacturing. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has grown from 166 to 387 since 2022.

Plan summary
Net assets, end of year$7,049,874
Participants with balances153
Active participants387
Employer contributions$321,056
Employee contributions$575,106
Employer contribution per active participant$830
Average account balance$46,078
Benefits paid to participants$642,117
Plan auditUnmodified (clean) audit opinion
AuditorDULIN, WARD & DEWALD, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 153 accts · $321K emplr
2023$6.1M · 154 accts · $310K emplr
2022$4.7M · 149 accts · $289K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,740
Investment management$16,546
Total administrative$72,286
The Mahoney Foundries, Inc. 401(k) match · 2024
Employer contribution per active participant$830
Median for plans this size$1,313
2024$830 per active participant
2023$897 per active participant
2022$1,739 per active participant

Mahoney Foundries, Inc.'s 2024 employer contribution ran below the $1,313 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$55,740
LPL FINANCIAL LLC - RPCP · Investment advisory (plan)$16,543

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$72,286 · 1.10%
2023$57,113 · 1.06%
2022$51,074 · 1.11%
Similar plansManufacturing · Indiana
Pretzels, Inc IN$7.4M · 0.82%
Polyjohn Enterprises, LLC IN$7.3M · 0.02%
Kore Outdoor US Inc. IN$7.2M · 0.03%
Brinly-Hardy Company IN$6.8M · 0.81%
Bci Solutions, Inc. IN$6.6M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351308114 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.