Plan Ledger DOL Form 5500 · updated monthly

Mars Electric Company401(k)

MARS ELECTRIC COMPANY 401(K) SAVINGS PLAN · MAYFIELD VILLAGE, OH · plan year 2025

Reported admin expense ratio · 2025
0.38%

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

Mars Electric Company reported $84,800 in plan administrative expenses for 2025: 0.38% of average plan assets, above the peer median. Employer contributions averaged $3,219 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 rose from 0.34% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other retail trade employers. By assets it is the 1,155th-largest of 3,295 plans among Ohio employers on file, and the 1,239th of 5,215 in retail trade. In 2025, employees put in $2.07 for every $1.00 the employer contributed; active participation has grown from 200 to 221 since 2022.

Plan summary
Net assets, end of year$24,152,167
Participants with balances246
Active participants221
Employer contributions$711,484
Employee contributions$1,476,234
Employer contribution per active participant$3,219
Average account balance$98,180
Benefits paid to participants$1,494,939
Plan auditUnmodified (clean) audit opinion
AuditorCIUNI & PANICHI, INC.
Plan history4
Yearassets · accounts · employer contribution
2025$24.2M · 246 accts · $711K emplr
2024$20.2M · 234 accts · $608K emplr
2023$19.0M · 230 accts · $578K emplr
2022$16.2M · 218 accts · $486K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$84,800
Total administrative$84,800
The Mars Electric Company 401(k) match · 2025
Employer contribution per active participant$3,219
Median for plans this size$2,666
2025$3,219 per active participant
2024$2,908 per active participant
2023$2,699 per active participant
2022$2,428 per active participant

Mars Electric Company's 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$84,799
RAYMOND JAMES FINANCIAL SERVICES IN · Consultingindirect comp

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

Administrative cost history4
2025$84,800 · 0.38%
2024$72,866 · 0.37%
2023$67,488 · 0.38%
2022$63,841 · 0.34%
Same employer
Similar plansRetail Trade · Ohio
Campbell Oil Company, Inc. OH$26.2M · 0.32%
Vandevere, Inc. OH$24.9M · 0.25%
Liberty Auto Group, LTD. OH$24.8M · 0.71%
Fred Martin Motor Company OH$22.7M · 0.50%
Jeg's Automotive, LLC OH$22.1M · 0.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 340837654 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.