Plan Ledger DOL Form 5500 · updated monthly

Marel Inc.401(k)

MAREL USA 401(K) RETIREMENT PLAN · LENEXA, KS · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Marel Inc. reported $135,260 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $4,576 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 0.09% to 0.11%. 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 58th-largest of 828 plans among Kansas employers on file, and the 1,604th of 13,661 in manufacturing. In 2024, employees put in $1.71 for every $1.00 the employer contributed; active participation has shrunk from 783 to 672 since 2022.

Plan summary
Net assets, end of year$125,954,379
Participants with balances984
Active participants672
Employer contributions$3,075,057
Employee contributions$5,267,462
Employer contribution per active participant$4,576
Average account balance$128,002
Benefits paid to participants$16,075,548
Plan auditUnmodified (clean) audit opinion
AuditorBATES, CARTER AND CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$126.0M · 984 accts · $3.1M emplr
2023$118.6M · 1,040 accts · $2.6M emplr
2022$103.4M · 1,018 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,822
Audit (IQPA)$12,500
Total administrative$135,260
The Marel Inc. 401(k) match · 2024
Employer contribution per active participant$4,576
Median for plans this size$3,635
2024$4,576 per active participant
2023$3,400 per active participant
2022$3,368 per active participant

Marel Inc.'s 2024 employer contribution ran above the $3,635 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 · 20243
T ROWE PRICE RPS INC · Recordkeeping · Trustee$51,822
RETIRERIGHT LLC · Consulting$70,949
BATES CARTER · Accounting / audit$12,500

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$135,260 · 0.11%
2023$106,651 · 0.10%
2022$102,110 · 0.09%
Same employer
Similar plansManufacturing · Kansas
Foley Industries, Inc. KS$151.5M · 0.10%
Globe Engineering Co Inc KS$136.2M · 0.00%
Schenck Process LLC KS$127.1M · 0.07%
Cargotec Holding, Inc. KS$123.5M · 0.16%
Searles Valley Minerals Inc. KS$117.5M · 0.17%
Scriptpro LLC KS$109.6M · 0.14%
Berry Companies, Inc. KS$106.2M · 0.24%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 481174114 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.