Plan Ledger DOL Form 5500 · updated monthly

Malco Products SbcESOP

MALCO PRODUCTS SBC EMPLOYEE STOCK OWNERSHIP PLAN · ANNANDALE, MN · plan year 2024

Plan assets · 2024
$187.3M

Malco Products Sbc's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $187,251,461 across 240 participant accounts. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.06% to 0.01%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 175th-largest of 1,918 plans among Minnesota employers on file, and the 1,212th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$187,251,461
Participants with balances240
Active participants0
Employer contributions$2,100,000
Employee contributions—
Employer contribution per active participant—
Average account balance$780,214
Plan auditUnmodified (clean) audit opinion
AuditorLEWIS, KISCH & ASSOCIATES, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$187.3M · 240 accts · $2.1M emplr
2023$61.7M · 217 accts · $2.5M emplr
2022$37.8M · 248 accts · $1.4M emplr
Administrative cost history3
2024Not separately reported
2023$2,970 · 0.01%
2022$18,454 · 0.06%
All plans at this employer2
MALCO PRODUCTS SBC, PROFIT SHARING, SAVINGS AND RETIREMENT PLAN401(k)
MALCO PRODUCTS SBC EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 410876482 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.