Plan Ledger DOL Form 5500 · updated monthly

Material Control, Inc.401(k)

MATERIAL CONTROL, INC. 401(K) PLAN · BATAVIA, IL · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Material Control, Inc. reported $44,071 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $903 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 rose from 0.11% to 0.18%. 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 1,429th-largest of 3,702 plans among Illinois employers on file, and the 4,920th of 13,661 in manufacturing. In 2024, employees put in $2.87 for every $1.00 the employer contributed; active participation has grown from 369 to 427 since 2022.

Plan summary
Net assets, end of year$26,513,555
Participants with balances350
Active participants427
Employer contributions$385,602
Employee contributions$1,105,320
Employer contribution per active participant$903
Average account balance$75,753
Benefits paid to participants$2,364,937
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.5M · 350 accts · $386K emplr
2023$23.3M · 323 accts · $404K emplr
2022$21.4M · 313 accts · $390K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,071
Total administrative$44,071
The Material Control, Inc. 401(k) match · 2024
Employer contribution per active participant$903
Median for plans this size$2,416
2024$903 per active participant
2023$1,038 per active participant
2022$1,056 per active participant

Material Control, Inc.'s 2024 employer contribution ran below the $2,416 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$44,071

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$44,071 · 0.18%
2023$36,008 · 0.16%
2022$26,941 · 0.11%
Same employer
Similar plansManufacturing · Illinois
Trim-Tex, Inc. IL$27.2M · 0.17%
Watersaver Faucet Co. IL$27.1M · 0.02%
Bisco, Inc. IL$26.7M · 0.27%
Ims Companies, LLC IL$26.3M · 0.61%
John Boos & Co. IL$26.3M · 0.31%
Engis Corporation IL$25.9M · 0.55%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 362644494 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.