Plan Ledger DOL Form 5500 · updated monthly

Marion Environmental, Inc.401(k)

MARION ENVIRONMENTAL, INC. 401(K) SAVINGS & RETIREMENT PLAN · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Marion Environmental, Inc. reported $42,195 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $2,546 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 0.34% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Tennessee (749th of 1,496), and 7,165th of 11,654 in professional & technical services. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has grown from 141 to 163 since 2022.

Plan summary
Net assets, end of year$12,758,501
Participants with balances173
Active participants163
Employer contributions$414,945
Employee contributions$931,341
Employer contribution per active participant$2,546
Average account balance$73,749
Benefits paid to participants$1,087,494
Plan auditUnmodified (clean) audit opinion
AuditorHENDERSON HUTCHERSON MCCULLOUGH
Plan history3
Yearassets · accounts · employer contribution
2024$12.8M · 173 accts · $415K emplr
2023$11.1M · 163 accts · $389K emplr
2022$8.7M · 146 accts · $342K emplr
The Marion Environmental, Inc. 401(k) match · 2024
Employer contribution per active participant$2,546
Median for plans this size$2,416
2024$2,546 per active participant
2023$2,577 per active participant
2022$2,428 per active participant

Marion Environmental, Inc.'s 2024 employer contribution ran above the $2,416 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.

Administrative cost history3
2024$42,195 · 0.35%
2023$34,960 · 0.35%
2022$30,058 · 0.34%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Blankenship CPA Group, PLLC TN$13.0M · 0.48%
Lisega, Inc. TN$12.9M · 0.59%
The Buntin Group, Inc. TN$12.8M · 0.52%
Fisher & Arnold, Inc. TN$12.5M · 0.28%
Rodefer Moss & Co, PLLC TN$12.4M · 0.35%
Qsource TN$11.8M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621472843 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.