Plan Ledger DOL Form 5500 · updated monthly

Mastercraft Industries, Inc.401(k)

MASTERCRAFT INDUSTRIES, INC. 401(K) PLAN · RICE LAKE, WI · plan year 2023

Reported admin expense ratio · 2023
0.43%

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

Mastercraft Industries, Inc. reported $46,837 in plan administrative expenses for 2023: 0.43% of average plan assets, above the peer median. Employer contributions averaged $622 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 fell from 0.61% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Wisconsin (1,195th of 1,936), and 8,130th of 13,661 in manufacturing. In 2023, employees put in $3.37 for every $1.00 the employer contributed; active participation has shrunk from 165 to 147 since 2022.

Plan summary
Net assets, end of year$11,654,588
Participants with balances201
Active participants147
Employer contributions$91,420
Employee contributions$308,128
Employer contribution per active participant$622
Average account balance$57,983
Benefits paid to participants$504,777
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 185 accts · $90K emplr
2023$11.7M · 201 accts · $91K emplr
2022$10.0M · 205 accts · $107K emplr
Administrative expenses, itemized · 2023
Investment management$20,224
Total administrative$46,837
The Mastercraft Industries, Inc. 401(k) match · 2023
Employer contribution per active participant$622
Median for plans this size$2,440
2024$597 per active participant
2023$622 per active participant
2022$649 per active participant

Mastercraft Industries, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$26,613
ORGEL WEALTH MANAGEMENT, LLC · Investment advisory (participants) · Investment advisory (plan)$20,224

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

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$47,891 · 0.43%
2023$46,837 · 0.43%
2022$67,772 · 0.61%
Same employer
Similar plansManufacturing · Wisconsin
Schmitz Ready Mix, Inc. WI$12.0M · 0.50%
Tj Hale Company, LLC WI$11.7M · 0.39%
Household Utilities Inc WI$11.7M · 0.57%
Fytertech Nonwovens, LLC WI$11.6M · 0.82%
Denali Staffing, LLC WI$11.6M · 0.07%
Orion Energy Systems, Inc. WI$11.6M · 1.11%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 391083555 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.