Plan Ledger DOL Form 5500 · updated monthly

Masterbrand, Inc.Stock bonus plan

MASTERBRAND, INC. RETIREMENT SAVINGS PLAN · BEACHWOOD, OH · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Masterbrand, Inc. reported $650,641 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,560 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 has held roughly steady near 0.126%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 96th-largest of 3,295 plans among Ohio employers on file, and the 536th of 13,661 in manufacturing. In 2024, employees put in $1.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$544,315,052
Participants with balances8,550
Active participants6,582
Employer contributions$16,851,532
Employee contributions$26,264,419
Employer contribution per active participant$2,560
Average account balance$63,663
Benefits paid to participants$62,737,667
Plan auditUnmodified (clean) audit opinion
AuditorBDO USA P C.
Plan history2
Yearassets · accounts · employer contribution
2024$544.3M · 8,550 accts · $16.9M emplr
2023$484.7M · 8,212 accts · $15.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$396,268
Investment management$108,875
Audit (IQPA)$60,600
Trustee / custodial$9,998
Total administrative$650,641
Employer contributions to the Masterbrand, Inc. plan · 2024
Employer contribution per active participant$2,560
Median for plans this size$4,294
2024$2,560 per active participant
2023$2,589 per active participant

Masterbrand, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Trustee (directed) · Loan processing$407,016
FINANCIAL ENGINES · Investment advisory (plan)$108,875
AON CONSULTING, INC. · Investment advisory (plan)$74,900
BDO USA, P.C. · Accounting / audit$60,600

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

Administrative cost history2
2024$650,641 · 0.13%
2023$644,824 · 0.13%
Same employer
Similar plansManufacturing · Ohio
The Scotts Company LLC OH$691.4M · 0.04%
Avient Corporation OH$678.2M · 0.09%
Great Lakes Cheese Co OH$504.2M · 0.11%
Multi-Color Corporation OH$466.7M · 0.11%
Materion Corporation OH$465.8M · 0.10%
Babcock & Wilcox Company OH$457.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 883479920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.