Plan Ledger DOL Form 5500 · updated monthly

Master Chemical Corporation401(k)

MASTER CHEMICAL CORPORATION SAVINGS PLAN · PERRYSBURG, OH · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Master Chemical Corporation reported $74,056 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $5,856 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 0.24% to 0.27%. 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 994th-largest of 3,295 plans among Ohio employers on file, and the 4,548th of 13,661 in manufacturing. In 2024, employees put in $1.71 for every $1.00 the employer contributed; active participation has grown from 116 to 139 since 2022.

Plan summary
Net assets, end of year$29,400,921
Participants with balances165
Active participants139
Employer contributions$813,984
Employee contributions$1,388,130
Employer contribution per active participant$5,856
Average account balance$178,187
Benefits paid to participants$1,289,945
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.4M · 165 accts · $814K emplr
2023$24.9M · 161 accts · $823K emplr
2022$21.5M · 154 accts · $737K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,752
Trustee / custodial$70,304
Total administrative$74,056
The Master Chemical Corporation 401(k) match · 2024
Employer contribution per active participant$5,856
Median for plans this size$2,416
2024$5,856 per active participant
2023$6,377 per active participant
2022$6,351 per active participant

Master Chemical Corporation's 2024 employer contribution ran above the $2,416 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 · 20241
TRUST COMPANY OF TOLEDO · Trustee · Investment advisory (plan)$74,056

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

Administrative cost history3
2024$74,056 · 0.27%
2023$61,225 · 0.26%
2022$55,348 · 0.24%
Same employer
Similar plansManufacturing · Ohio
Pax Machine Works, Inc. OH$29.9M · 0.48%
Polychem LLC OH$29.7M · 0.37%
Kelly Dureiko OH$29.7M · 0.43%
Dan T. Moore Company OH$28.7M · 0.35%
Sandridge Food Corporation OH$28.7M · 0.02%
Yachiyo of America, Inc. OH$28.4M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 344436977 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.