Plan Ledger DOL Form 5500 · updated monthly

Management Registry, Inc401(k)

MANAGEMENT REGISTRY 401(K) PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
1.87%

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

Management Registry, Inc reported $103,404 in plan administrative expenses for 2024: 1.87% of average plan assets, higher than ~90% of peers. Employer contributions averaged $193 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 1.22% to 1.87%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Kentucky (600th of 871), and 1,320th of 2,534 in administrative & support services. In 2024, employees put in $1.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,122,071
Participants with balances2,740
Active participants2,265
Employer contributions$437,930
Employee contributions$861,562
Employer contribution per active participant$193
Average account balance$2,234
Benefits paid to participants$858,386
Plan auditUnmodified (clean) audit opinion
AuditorJONES, NALE & MATTINGLY, PLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 2,740 accts · $438K emplr
2023$5.0M · 2,725 accts · $439K emplr
2022$3.9M · 200 accts · $100K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$92,425
Audit (IQPA)$10,979
Total administrative$103,404
The Management Registry, Inc 401(k) match · 2024
Employer contribution per active participant$193
Median for plans this size$1,313
2024$193 per active participant
2023$80 per active participant
2022$44 per active participant

Management Registry, Inc's 2024 employer contribution ran below the $1,313 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$87,404
MANAGEMENT REGISTRY INC · Accounting / audit$11,000
RETIREMENT MANAGEMENT SERVICES, LLC · Contract administrator · Other services$5,022
NORTHWESTERN MUTUAL WEALTH MGMT · 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.

Administrative cost history3
2024$103,404 · 1.87%
2023$116,536 · 2.64%
2022$50,901 · 1.22%
Same employer
Similar plansAdministrative & Support Services · Kentucky
United Communications, Inc. KY$10.5M · 0.62%
Eml, LLC KY$9.2M · 0.99%
Congo, LLC KY$7.3M · 1.28%
Agc of Kentucky KY$5.8M · 1.04%
HR Plus, LLC KY$3.0M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610863236 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.