Plan Ledger DOL Form 5500 · updated monthly

Malco Products, Inc.401(k)

MALCO PRODUCTS, INC. INCENTIVE SAVINGS PLAN AND TRUST · BARBERTON, OH · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Malco Products, Inc. reported $45,059 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $745 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 fell from 0.58% to 0.26%. 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 1,433rd-largest of 3,295 plans among Ohio employers on file, and the 6,362nd of 13,661 in manufacturing. In 2024, employees put in $4.73 for every $1.00 the employer contributed; active participation has shrunk from 288 to 231 since 2022.

Plan summary
Net assets, end of year$17,920,894
Participants with balances241
Active participants231
Employer contributions$172,116
Employee contributions$813,349
Employer contribution per active participant$745
Average account balance$74,361
Benefits paid to participants$1,828,539
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.9M · 241 accts · $172K emplr
2023$16.6M · 253 accts · $315K emplr
2022$15.7M · 366 accts · $363K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,497
Investment management$26,562
Total administrative$45,059
The Malco Products, Inc. 401(k) match · 2024
Employer contribution per active participant$745
Median for plans this size$2,416
2024$745 per active participant
2023$1,480 per active participant
2022$1,259 per active participant

Malco Products, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$8,488
TRUIST BANK · Investment management$26,262

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Newport (Ascensus)

This plan has changed recordkeepers within these filings. If you left Malco Products, Inc. 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$45,059 · 0.26%
2023$77,456 · 0.48%
2022$102,322 · 0.58%
Same employer
Similar plansManufacturing · Ohio
Zircoa, Inc. OH$18.3M · 0.06%
Cornerstone Wauseon, Inc. OH$18.3M · 0.02%
Jay Industries, Inc. OH$17.9M · 0.22%
Luvata Ohio, Inc. OH$17.8M · 0.15%
Reco Equipment Inc OH$17.8M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340838177 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.