Plan Ledger DOL Form 5500 · updated monthly

Mat Holdings, Inc.401(k)

MAT HOLDINGS, INC. 401(K) PLAN · LONG GROVE, IL · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Mat Holdings, Inc. reported $63,655 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $1,603 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 0.13% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 764th-largest of 3,702 plans among Illinois employers on file, and the 649th of 4,246 in wholesale trade. In 2024, employees put in $2.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$63,680,183
Participants with balances584
Active participants996
Employer contributions$1,596,592
Employee contributions$3,869,585
Employer contribution per active participant$1,603
Average account balance$109,041
Benefits paid to participants$6,588,592
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$63.7M · 584 accts · $1.6M emplr
2023$56.8M · 570 accts · $1.5M emplr
2022$48.0M · 571 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,655
Total administrative$63,655
The Mat Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$1,603
Median for plans this size$3,635
2024$1,603 per active participant
2023$1,488 per active participant
2022$1,392 per active participant

Mat Holdings, Inc.'s 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$63,655

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

Administrative cost history3
2024$63,655 · 0.11%
2023$67,942 · 0.13%
2022$65,173 · 0.13%
Same employer
Similar plansWholesale Trade · Illinois
Truck Centers, Inc. IL$68.3M · 0.17%
M. Holland Company IL$68.3M · 0.16%
Antylia Scientific IL$65.9M · 0.40%
Wilton Brands LLC IL$60.5M · 0.19%
Gf Machining Solutions LLC IL$60.0M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205589196 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.