Plan Ledger DOL Form 5500 · updated monthly

Mass Precision, Inc.401(k)

MASS PRECISION 401(K) PLAN · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Mass Precision, Inc. reported $135,876 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $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 0.10% to 0.62%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 3,270th-largest of 9,483 plans among California employers on file, and the 5,387th of 13,661 in manufacturing. In 2024, employees put in $16.66 for every $1.00 the employer contributed; active participation has shrunk from 436 to 358 since 2022.

Plan summary
Net assets, end of year$23,215,381
Participants with balances234
Active participants358
Employer contributions$95,622
Employee contributions$1,592,654
Employer contribution per active participant$267
Average account balance$99,211
Benefits paid to participants$1,636,485
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.2M · 234 accts · $96K emplr
2023$20.4M · 233 accts · $83K emplr
2022$17.6M · 234 accts · $69K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,249
Investment management$60,627
Total administrative$135,876
The Mass Precision, Inc. 401(k) match · 2024
Employer contribution per active participant$267
Median for plans this size$2,416
2024$267 per active participant
2023$230 per active participant
2022$158 per active participant

Mass Precision, Inc.'s 2024 employer contribution ran below the $2,416 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
PRIMARK BENEFIT · Accounting / audit · Recordkeeping$64,564
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$60,627
CHARLES SCHWAB · Custodial (securities)$10,483
EMPOWER ADVISORY GROUP LLC · Investment management$390

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

Recordkeeper by year2
2024PRIMARK BENEFIT
2023PRIMARK BENEFITS

This plan has changed recordkeepers within these filings. If you left Mass Precision, 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 history3
2024$135,876 · 0.62%
2023$33,617 · 0.18%
2022$18,456 · 0.10%
Similar plansManufacturing · California
Transpak, Inc. CA$23.4M · 0.29%
Nordic Naturals CA$23.3M · 0.09%
Mainspring Energy, Inc. CA$23.0M · 0.25%
The Upper Deck Company CA$22.9M · 0.38%
Rcp Block & Brick, Inc. CA$22.9M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770034627 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.