Plan Ledger DOL Form 5500 · updated monthly

Mastercraft Electric, Inc.401(k)

MASTERCRAFT ELECTRIC, INC. RETIREMENT PLAN · PACIFIC, WA · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Mastercraft Electric, Inc. reported $56,873 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $4,537 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 1 year on file its reported administrative ratio rose from 0.47% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Washington (1,068th of 1,714), and 3,083rd of 5,337 in construction. In 2024, employees put in $1.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,083,144
Participants with balances154
Active participants100
Employer contributions$453,693
Employee contributions$491,614
Employer contribution per active participant$4,537
Average account balance$65,475
Benefits paid to participants$1,257,688
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$10.1M · 154 accts · $454K emplr
2023$9.1M · 153 accts · $443K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,501
Investment management$15,000
Audit (IQPA)$16,543
Trustee / custodial$3,829
Total administrative$56,873
The Mastercraft Electric, Inc. 401(k) match · 2024
Employer contribution per active participant$4,537
Median for plans this size$1,313
2024$4,537 per active participant
2023$3,992 per active participant

Mastercraft Electric, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20244
NWPS · Recordkeeping$21,501
CBIZ CPAS P.C · Accounting / audit$16,543
DUNCAN & HALEY, LTD. · Investment advisory (participants) · Investment advisory (plan)$15,000
CHARLES SCHWAB TRUST BANK · Custodial (securities)$3,829

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

Recordkeeper by year2
2024NWPS
2023NWPS

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Administrative cost history2
2024$56,873 · 0.59%
2023$38,493 · 0.47%
Similar plansConstruction · Washington
Faber Construction, Inc. WA$11.6M · 0.74%
Psf Mechanical, Inc. WA$10.5M · 0.10%
McClure & Sons, Inc. WA$10.0M · 0.74%
The Holt Group, Inc. WA$9.0M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911393760 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.