Plan Ledger DOL Form 5500 · updated monthly

Materials Processing, Inc.401(k)

EMPLOYEES SAVINGS AND INVESTMENT PLAN OF MATERIALS PROCESSING INC. · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.28%

Materials Processing, Inc. reported $94,779 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. 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 0.33% to 0.28%. 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 380th-largest of 1,562 plans among Indiana employers on file, and the 4,031st of 13,661 in manufacturing. active participation has grown from 299 to 331 since 2022.

Plan summary
Net assets, end of year$34,939,974
Participants with balances412
Active participants331
Employer contributions—
Employee contributions$1,707,946
Employer contribution per active participant—
Average account balance$84,806
Benefits paid to participants$4,145,890
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.9M · 412 accts
2023$33.4M · 394 accts
2022$32.9M · 423 accts · $1K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,779
Investment management$40,000
Total administrative$94,779
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 · 20242
JOHN HANCOCK RETIREMENT PLAN SERVIC · Recordkeeping · Loan processing$54,779
SAGEVIEW ADVISORY GROUP · Investment advisory (plan)$40,000

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$94,779 · 0.28%
2023$83,634 · 0.25%
2022$127,028 · 0.33%
All plans at this employer2
EMPLOYEES SAVINGS AND INVESTMENT PLAN OF MATERIALS PROCESSING INC.401(k)
MATERIALS PROCESSING, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansManufacturing · Indiana
Indian Industries, Inc. IN$37.3M · 0.19%
American Beverage Marketers IN$36.4M · 0.34%
Micropulse, Inc. IN$35.8M · 0.45%
Sepro Corporation IN$35.2M · 0.17%
Hasco - Smoker Craft, Inc. IN$34.8M · 0.03%
Central Wire, Inc. IN$34.2M · 0.07%
Enkei America, Inc. IN$34.2M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351343660 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.