What are the fees in the Makson, Inc 401(k) plan?

For plan year 2022, Makson, Inc reported $59,845 in plan administrative expenses, or 1.64% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the Makson, Inc 401(k) match?

In 2022, employer contributions to the Makson, Inc plan averaged $984 per active participant, below the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Makson, Inc 401(k)?

The average participant account balance was $42,754 for plan year 2022, based on 79 accounts.

Makson, Inc401(k)

Name: Makson, Inc 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

MAKSON, INC. 401K PLAN · SALISBURY, NC · plan year 2022

Reported admin expense ratio · 2022

1.64%

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

Makson, Inc reported $59,845 in plan administrative expenses for 2022: 1.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $984 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in North Carolina (1,624th of 2,005), and 2,589th of 3,341 in other services. In 2022, employees put in $1.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,377,532
Participants with balances79
Active participants142
Employer contributions$139,798
Employee contributions$254,950
Employer contribution per active participant$984
Average account balance$42,754
Benefits paid to participants$229,055
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON & COMPANY, LLP

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$59,845

Total administrative$59,845

The Makson, Inc 401(k) match · 2022

Employer contribution per active participant$984

Median for plans this size$1,114

Makson, Inc's 2022 employer contribution ran below the $1,114 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$59,845 · 1.64%

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Makson, Inc's health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 201118409 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.