Plan Ledger DOL Form 5500 · updated monthly

Manufacturing Solutions Inc401(k)

MANUFACTURING SOLUTIONS INC. 401(K) PLAN · MORRISVILLE, VT · plan year 2024

Reported admin expense ratio · 2024
0.96%

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

Manufacturing Solutions Inc reported $44,521 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,371 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 0.90% to 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Vermont (186th of 230), and 11,154th of 13,661 in manufacturing. In 2024, employees put in $2.02 for every $1.00 the employer contributed; active participation has shrunk from 204 to 160 since 2022.

Plan summary
Net assets, end of year$5,079,615
Participants with balances142
Active participants160
Employer contributions$219,358
Employee contributions$443,241
Employer contribution per active participant$1,371
Average account balance$35,772
Benefits paid to participants$371,333
Plan auditUnmodified (clean) audit opinion
AuditorGALLAGHER FLYNN & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 142 accts · $219K emplr
2023$4.2M · 145 accts · $193K emplr
2022$3.2M · 140 accts · $172K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,521
Total administrative$44,521
The Manufacturing Solutions Inc 401(k) match · 2024
Employer contribution per active participant$1,371
Median for plans this size$1,313
2024$1,371 per active participant
2023$1,108 per active participant
2022$844 per active participant

Manufacturing Solutions Inc's 2024 employer contribution ran above the $1,313 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

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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$44,520
MORGAN STANLEY INSURANCE SERVICES I · 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$44,521 · 0.96%
2023$34,789 · 0.94%
2022$30,918 · 0.90%
Same employer
Similar plansManufacturing · Vermont
USA Brands, LLC VT$6.3M · 0.08%
Revision Military LTD VT$5.0M · 0.63%
T Copeland and Sons VT$3.1M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043343116 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.