Plan Ledger DOL Form 5500 · updated monthly

Materialise USA, LLC401(k)

MATERIALISE 401(K) PLAN · PLYMOUTH, MI · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Materialise USA, LLC reported $45,564 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $3,314 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 0.30% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,201st-largest of 2,619 plans among Michigan employers on file, and 6,329th of 11,654 in professional & technical services. In 2024, employees put in $2.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,074,444
Participants with balances194
Active participants147
Employer contributions$487,098
Employee contributions$1,267,716
Employer contribution per active participant$3,314
Average account balance$82,858
Benefits paid to participants$568,498
Plan auditUnmodified (clean) audit opinion
AuditorRETIREMENT PLAN AUDIT SERVICES, LLC
Plan history2
Yearassets · accounts · employer contribution
2024$16.1M · 194 accts · $487K emplr
2023$12.9M · 177 accts · $443K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,564
Total administrative$45,564
The Materialise USA, LLC 401(k) match · 2024
Employer contribution per active participant$3,314
Median for plans this size$2,416
2024$3,314 per active participant
2023$3,167 per active participant

Materialise USA, LLC's 2024 employer contribution ran above the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$45,564
PRINCIPAL SECURITIES INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history2
2024$45,564 · 0.31%
2023$33,754 · 0.30%
Similar plansProfessional & Technical Services · Michigan
Daysmart Software, LLC MI$16.6M · 0.52%
Surveying Solutions, Inc. MI$16.3M · 0.20%
Latcha & Associates, L.L.C. MI$16.2M · 0.21%
Sidock Group, Inc. MI$15.1M · 0.29%
Morse Group, PLLC MI$15.1M · 0.41%
Kpit Technologies Inc. MI$14.7M · 0.85%
Technosoft Corporation MI$14.3M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383275861 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.