Plan Ledger DOL Form 5500 · updated monthly

Marchant-Schmidt, Inc.401(k)

MARCHANT-SCHMIDT, INC. 401(K) SAVINGS PLAN · FOND DU LAC, WI · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Marchant-Schmidt, Inc. reported $55,641 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $588 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 0.28% to 0.27%. 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 807th-largest of 1,936 plans among Wisconsin employers on file, and the 5,549th of 13,661 in manufacturing. In 2024, employees put in $14.50 for every $1.00 the employer contributed; active participation has shrunk from 121 to 92 since 2022.

Plan summary
Net assets, end of year$22,076,413
Participants with balances128
Active participants92
Employer contributions$54,118
Employee contributions$784,518
Employer contribution per active participant$588
Average account balance$172,472
Benefits paid to participants$1,108,722
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.1M · 128 accts · $54K emplr
2023$19.8M · 144 accts · $143K emplr
2022$17.1M · 131 accts · $340K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,471
Investment management$34,170
Total administrative$55,641
The Marchant-Schmidt, Inc. 401(k) match · 2024
Employer contribution per active participant$588
Median for plans this size$2,416
2024$588 per active participant
2023$1,264 per active participant
2022$2,810 per active participant

Marchant-Schmidt, 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 · 20243
WEALTH ENHANCEMENT ADVISORY SERVICE · Investment advisory (plan)$31,378
EMPOWER ADVISORY GROUP, LLC · Investment management$5,818

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$55,641 · 0.27%
2023$50,529 · 0.27%
2022$53,567 · 0.28%
Same employer
Similar plansManufacturing · Wisconsin
Rytec Corporation WI$22.5M · 0.43%
Didion Milling, Inc WI$22.5M · 0.50%
Kikkoman Foods, Inc. WI$22.1M · 0.54%
Helgesen Industries, Inc. WI$22.1M · 0.48%
D & S Machine Service, Inc. WI$21.8M · 0.12%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 391213322 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.