Plan Ledger DOL Form 5500 · updated monthly

Martin Calibration Inc401(k)

MARTIN CALIBRATION INC 401(K) PROFIT SHARING PLAN & TRUST · BURNSVILLE, MN · plan year 2024

Reported admin expense ratio · 2024
1.61%

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

Martin Calibration Inc reported $42,438 in plan administrative expenses for 2024: 1.61% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,267 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 0.88% to 1.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Minnesota (1,719th of 1,918), and 10,518th of 11,654 in professional & technical services. In 2024, employees put in $2.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,056,751
Participants with balances166
Active participants140
Employer contributions$177,392
Employee contributions$511,488
Employer contribution per active participant$1,267
Average account balance$18,414
Benefits paid to participants$357,457
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$3.1M · 166 accts · $177K emplr
2023$2.2M · 143 accts · $129K emplr
2022$1.5M · 116 accts · $80K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,941
Investment management$12,637
Trustee / custodial$860
Total administrative$42,438
The Martin Calibration Inc 401(k) match · 2024
Employer contribution per active participant$1,267
Median for plans this size$1,313
2024$1,267 per active participant
2023$1,017 per active participant
2022$619 per active participant

Martin Calibration Inc's 2024 employer contribution ran below the $1,313 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
PAYCHEX, INC. · Recordkeeping$7,376
REDPATH AND COMPANY · Accounting / audit$19,000
KESTRA ADVISORY SERVICES, LLC · Investment advisory (participants)$12,637

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

Recordkeeper by year2
2024Paychex
2023KESTRA ADVISORY SERVICES, LLC, Paychex

This plan has changed recordkeepers within these filings. If you left Martin Calibration Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025Not separately reported
2024$42,438 · 1.61%
2023$37,667 · 2.05%
2022$12,739 · 0.88%
Similar plansProfessional & Technical Services · Minnesota
Vivacity Tech Pbc MN$3.9M · 0.18%
Mme Group, Inc. MN$3.1M · 0.82%
Encompass Energy Services MN$3.0M · 0.69%
Gemini Medical , LLC MN$2.3M · 1.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411976566 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.