Plan Ledger DOL Form 5500 · updated monthly

Tengam Pro, Inc.ESOP

MASTER MAGNETICS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · CASTLE ROCK, CO · plan year 2023

Reported admin expense ratio · 2023
0.45%

Tengam Pro, Inc. reported $23,430 in plan administrative expenses for 2023: 0.45% of average plan assets, below the peer median. 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 1 year on file its reported administrative ratio rose from 0.00% to 0.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Colorado (959th of 1,461), and 3,432nd of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$6,412,914
Participants with balances122
Active participants0
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$52,565
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$6.4M · 122 accts
2022$3.9M · 122 accts · $267K emplr
Administrative expenses, itemized · 2023
Investment management$8,400
Trustee / custodial$15,000
Total administrative$23,430
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRUDENT FIDUCIARY SERVICE · Plan administrator$15,000
FORVIS MAZARS · Accounting / audit$8,400

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

Administrative cost history3
2024Not separately reported
2023$23,430 · 0.45%
2022$60 · 0.00%
All plans at this employer2
MASTER MAGNETICS, INC. 401(K) PLAN401(k)
MASTER MAGNETICS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansWholesale Trade · Colorado
Tubelite Enterprises LLC CO$9.1M · 0.39%
Cdmm Corp CO$7.2M · 0.60%
Master Magnetics, Inc. CO$6.5M · 0.73%
Denver Hardwood Co., Inc. CO$4.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840715559 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.