Plan Ledger DOL Form 5500 · updated monthly

Maki Corporation401(k)

MAKI CORPORATION 401(K) PROFIT SHARING PLAN · GARDNER, MA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Maki Corporation reported $38,102 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $676 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 0.04% to 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Massachusetts (2,076th of 2,726), and 3,253rd of 4,246 in wholesale trade. In 2024, employees put in $5.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,715,164
Participants with balances109
Active participants127
Employer contributions$85,825
Employee contributions$477,457
Employer contribution per active participant$676
Average account balance$70,781
Benefits paid to participants$1,016,687
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 109 accts · $86K emplr
2023$7.3M · 110 accts · $91K emplr
2022$6.6M · 112 accts · $96K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,861
Investment management$14,241
Total administrative$38,102
The Maki Corporation 401(k) match · 2024
Employer contribution per active participant$676
Median for plans this size$1,313
2024$676 per active participant
2023$668 per active participant
2022$743 per active participant

Maki Corporation'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 · 20243
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,208
VOYA RETIREMENT INS. & ANNUITY CO. · Recordkeeping · Investment advisory (plan)$150
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (participants) · 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.

Recordkeeper by year2
2024John Hancock, Voya
2023John Hancock

This plan has changed recordkeepers within these filings. If you left Maki Corporation before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$38,102 · 0.51%
2023$15,568 · 0.23%
2022$3,178 · 0.04%
Same employer
Similar plansWholesale Trade · Massachusetts
Tsg Enterprises, LLC MA$8.5M · 0.85%
Lewa America Inc MA$7.9M · 0.06%
Pro-Link, Inc. MA$7.6M · 0.07%
Yankee Leisure Group MA$7.3M · 0.14%
Fresh American, LLC MA$6.8M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042848462 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.