Plan Ledger DOL Form 5500 · updated monthly

Marshall Excelsior Company401(k)

MARSHALL EXCELSIOR COMPANY 401(K) PLAN · MARSHALL, MI · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Marshall Excelsior Company reported $9,329 in plan administrative expenses for 2024: 0.16% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,789 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 0.27% to 0.16%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,841st of 2,619), and 10,418th of 13,661 in manufacturing. In 2024, employees put in $1.97 for every $1.00 the employer contributed; active participation has shrunk from 239 to 143 since 2022.

Plan summary
Net assets, end of year$6,514,938
Participants with balances171
Active participants143
Employer contributions$398,778
Employee contributions$783,927
Employer contribution per active participant$2,789
Average account balance$38,099
Benefits paid to participants$855,241
Plan auditUnmodified (clean) audit opinion
AuditorNOVOTNY CPA GROUP PLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 171 accts · $399K emplr
2023$5.5M · 197 accts · $372K emplr
2022$4.2M · 277 accts · $325K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,329
Total administrative$9,329
The Marshall Excelsior Company 401(k) match · 2024
Employer contribution per active participant$2,789
Median for plans this size$1,313
2024$2,789 per active participant
2023$2,255 per active participant
2022$1,359 per active participant

Marshall Excelsior Company's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
ADP, INC. · Loan processing · Recordkeeping$9,329
ADP BROKER-DEALER · Other servicesindirect comp
FSC SECURITIES CORP · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$9,329 · 0.16%
2023$9,874 · 0.20%
2022$11,652 · 0.27%
Same employer
Similar plansManufacturing · Michigan
Lyon Gear & Machine, Inc. MI$6.6M · 0.85%
Mollertech, LLC MI$6.6M · 1.25%
Oleco, Inc. MI$6.4M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382155581 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.