Plan Ledger DOL Form 5500 · updated monthly

Material Sciences Corporation401(k)

MATERIAL SCIENCES CORPORATION SAVINGS AND INVESTMENT PLAN · ELK GROVE VILLAGE, IL · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Material Sciences Corporation reported $82,985 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $2,172 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 0.19% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 850th-largest of 3,702 plans among Illinois employers on file, and the 2,941st of 13,661 in manufacturing. In 2024, employees put in $3.94 for every $1.00 the employer contributed; active participation has shrunk from 290 to 249 since 2022.

Plan summary
Net assets, end of year$55,056,305
Participants with balances518
Active participants249
Employer contributions$540,857
Employee contributions$2,129,793
Employer contribution per active participant$2,172
Average account balance$106,286
Benefits paid to participants$6,581,766
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$55.1M · 518 accts · $541K emplr
2023$52.3M · 519 accts · $1.1M emplr
2022$47.3M · 476 accts · $584K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,914
Investment management$43,071
Total administrative$82,985
The Material Sciences Corporation 401(k) match · 2024
Employer contribution per active participant$2,172
Median for plans this size$3,635
2024$2,172 per active participant
2023$3,584 per active participant
2022$2,014 per active participant

Material Sciences Corporation's 2024 employer contribution ran below the $3,635 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
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$39,444
WAVERLY ADVISORS · Investment advisory (plan)$32,736
STRATEGIC FINANCIAL GROUP · Investment advisory (plan)$10,335
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$82,985 · 0.15%
2023$75,350 · 0.15%
2022$104,465 · 0.19%
Same employer
Similar plansManufacturing · Illinois
Sara Lee Frozen Bakery, LLC IL$56.5M · 0.31%
Peddinghaus Corporation IL$55.8M · 0.01%
Welch Bros., Inc. IL$55.5M · 0.00%
Gold Eagle Co. IL$55.2M · 0.24%
Crest Foods Co., Inc. IL$53.9M · 0.01%
D & W Fine Pack LLC IL$53.1M · 0.40%
Heidenhain Corporation IL$53.1M · 0.20%
Fairlife, LLC IL$53.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952673173 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.