Plan Ledger DOL Form 5500 · updated monthly

Marmon Engineered Components Company401(k)

MARMON CONSOLIDATED RETIREMENT PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Marmon Engineered Components Company reported $461,638 in plan administrative expenses for 2024: 0.32% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,594 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 3 years on file its reported administrative ratio has held roughly steady near 0.32%. 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 414th-largest of 3,702 plans among Illinois employers on file, and the 1,423rd of 13,661 in manufacturing. In 2024, the employer put in $1.24 for every $1.00 employees contributed themselves; active participation has grown from 2,983 to 4,314 since 2022.

Plan summary
Net assets, end of year$149,061,056
Participants with balances5,418
Active participants4,314
Employer contributions$6,877,526
Employee contributions$5,560,986
Employer contribution per active participant$1,594
Average account balance$27,512
Benefits paid to participants$21,068,460
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$149.1M · 5,418 accts · $6.9M emplr
2023$136.2M · 3,912 accts · $6.7M emplr
2022$125.6M · 6,903 accts · $5.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$370,823
Investment management$58,493
Audit (IQPA)$32,322
Total administrative$461,638
The Marmon Engineered Components Company 401(k) match · 2024
Employer contribution per active participant$1,594
Median for plans this size$3,635
2024$1,594 per active participant
2023$1,672 per active participant
2022$1,738 per active participant

Marmon Engineered Components Company's 2024 employer contribution ran below the $3,635 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
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$370,823
PLANTE & MORAN PLLC · Accounting / audit$46,450
THOMPSON COBURN LLP · Legal$32,322
WILLIS TOWERS WATSON MIDWEST INC · Contract administrator$7,272

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

Recordkeeper by year2
2024Empower
2023Empower

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Administrative cost history3
2024$461,638 · 0.32%
2023$528,140 · 0.40%
2022$436,311 · 0.31%
Similar plansManufacturing · Illinois
Sram LLC IL$152.1M
Bunn-O-Matic Corporation IL$151.2M · 0.13%
G&W Electric Company IL$150.5M · 0.05%
Century Aluminum Company IL$149.7M · 0.05%
Ozinga Bros., Inc. IL$142.7M · 0.08%
New Flyer Holdings, Inc. IL$140.0M · 0.34%
Wahl Clipper Corporation IL$139.1M · 0.10%
Vcna Prairie LLC IL$138.8M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320023596 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.