Plan Ledger DOL Form 5500 · updated monthly

Makers Forward, LLC401(k)

401(K) PLAN FOR MAKERS FORWARD OPERATING COMPANIES · CLAREMONT, NH · plan year 2023

Reported admin expense ratio · 2023
0.61%

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

Makers Forward, LLC reported $45,870 in plan administrative expenses for 2023: 0.61% of average plan assets, above the peer median. Employer contributions averaged $925 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 0.61% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New Hampshire (282nd of 411), and 9,362nd of 13,661 in manufacturing. In 2023, employees put in $3.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,688,589
Participants with balances183
Active participants178
Employer contributions$164,572
Employee contributions$560,670
Employer contribution per active participant$925
Average account balance$47,479
Benefits paid to participants$665,069
Plan auditUnmodified (clean) audit opinion
AuditorMURPHY, MILLER & BAGLIERI, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.0M · 152 accts · $136K emplr
2023$8.7M · 183 accts · $165K emplr
2022$6.3M · 180 accts · $155K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$45,870
Total administrative$45,870
The Makers Forward, LLC 401(k) match · 2023
Employer contribution per active participant$925
Median for plans this size$1,308
2024$765 per active participant
2023$925 per active participant
2022$928 per active participant

Makers Forward, LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$44,649
ASSOCIATED PENSION CONSULTANTS, INC · Contract administrator · Other services$1,220
OSAIC WEALTH INC · Other servicesindirect comp
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect comp

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$65,296 · 0.78%
2023$45,870 · 0.61%
2022$35,386 · 0.61%
Similar plansManufacturing · New Hampshire
Concrete Systems, Inc. NH$11.9M · 0.46%
Uni-Cast NH$11.9M · 0.27%
Lew a. Cummings Co., Inc. NH$10.7M · 0.57%
Tender Corp NH$8.6M · 0.34%
Prototek Holdings, LLC NH$8.5M · 1.07%
Parallel Wireless, Inc. NH$7.6M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843406142 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.