Plan Ledger DOL Form 5500 · updated monthly

Malibu Boats, LLC401(k)

MALIBU BOATS, INC. 401(K) PLAN · LOUDON, TN · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Malibu Boats, LLC reported $350,519 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,343 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 3 years on file its reported administrative ratio has held roughly steady near 0.50%. 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 217th-largest of 1,496 plans among Tennessee employers on file, and the 2,360th of 13,661 in manufacturing. In 2024, employees put in $3.40 for every $1.00 the employer contributed; active participation has shrunk from 2,748 to 2,208 since 2022.

Plan summary
Net assets, end of year$74,190,446
Participants with balances2,297
Active participants2,208
Employer contributions$2,964,926
Employee contributions$10,075,235
Employer contribution per active participant$1,343
Average account balance$32,299
Benefits paid to participants$14,704,785
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC.
Plan history3
Yearassets · accounts · employer contribution
2024$74.2M · 2,297 accts · $3.0M emplr
2023$67.3M · 2,960 accts · $3.4M emplr
2022$54.9M · 3,127 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$276,769
Investment management$73,750
Total administrative$350,519
The Malibu Boats, LLC 401(k) match · 2024
Employer contribution per active participant$1,343
Median for plans this size$3,635
2024$1,343 per active participant
2023$1,329 per active participant
2022$1,120 per active participant

Malibu Boats, LLC's 2024 employer contribution ran below the $3,635 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$276,769
SAGEVIEW ADVISORY GROUP LLC · Investment advisory (plan)$73,750
WEALTH MANAGEMENT SYSTEMS INC · Other servicesindirect 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$350,519 · 0.50%
2023$318,619 · 0.52%
2022$251,925 · 0.47%
Same employer
Similar plansManufacturing · Tennessee
Stratas Foods LLC TN$82.8M · 0.23%
Franke USA Holding Inc. TN$82.1M · 0.13%
Entrans International, LLC TN$79.8M · 0.30%
Grain Craft, LLC TN$72.6M · 0.18%
Southern Towing Company TN$70.5M · 0.05%
Techmer Pm, LLC TN$69.1M · 0.21%
The Carlstar Group LLC TN$68.9M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205114805 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.