Plan Ledger DOL Form 5500 · updated monthly

Master Meter, Inc.401(k)

MASTER METER, INC. 401(K) SAVINGS & INVESTMENT PLAN · MANSFIELD, TX · plan year 2024

Employer contribution per participant · 2024
$4,749

Master Meter, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $23,391,282 across 195 participant accounts, with employer contributions averaging $4,749 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.10% to 0.03%. 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 1,821st-largest of 5,688 plans among Texas employers on file, and the 5,366th of 13,661 in manufacturing. In 2024, employees put in $1.17 for every $1.00 the employer contributed; active participation has grown from 145 to 169 since 2022.

Plan summary
Net assets, end of year$23,391,282
Participants with balances195
Active participants169
Employer contributions$802,634
Employee contributions$936,816
Employer contribution per active participant$4,749
Average account balance$119,955
Benefits paid to participants$2,558,782
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.4M · 195 accts · $803K emplr
2023$20.7M · 185 accts · $607K emplr
2022$18.4M · 199 accts · $752K emplr
The Master Meter, Inc. 401(k) match · 2024
Employer contribution per active participant$4,749
Median for plans this size$2,416
2024$4,749 per active participant
2023$4,017 per active participant
2022$5,185 per active participant

Master Meter, Inc.'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.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$5,246 · 0.03%
2022$19,089 · 0.10%
Same employer
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Ito En North America Inc. TX$24.5M · 0.56%
Equistar Chemicals, LP TX$24.1M · 0.05%
American Alloy Steel, Inc. TX$23.5M · 0.34%
Firefly Aerospace Inc. TX$23.5M · 0.79%
Thomas Reprographics, Inc. TX$23.2M · 0.29%
Thomas Instrument, Inc. TX$23.1M · 0.41%
Keg 1 O'Neal LLC TX$23.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751739575 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.