Plan Ledger DOL Form 5500 · updated monthly

Materne North America Corp.401(k)

MATERNE NORTH AMERICA 401(K) RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Materne North America Corp. reported $166,205 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $2,698 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 0.50% to 0.37%. 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 1,352nd-largest of 5,648 plans among New York employers on file, and the 3,109th of 13,661 in manufacturing. In 2024, employees put in $2.08 for every $1.00 the employer contributed; active participation has grown from 703 to 973 since 2022.

Plan summary
Net assets, end of year$50,885,550
Participants with balances989
Active participants973
Employer contributions$2,624,811
Employee contributions$5,455,888
Employer contribution per active participant$2,698
Average account balance$51,452
Benefits paid to participants$2,693,405
Plan auditUnmodified (clean) audit opinion
AuditorCLARK, SHAEFER, HACKETT & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$50.9M · 989 accts · $2.6M emplr
2023$39.3M · 986 accts · $2.3M emplr
2022$28.6M · 848 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$166,205
Total administrative$166,205
The Materne North America Corp. 401(k) match · 2024
Employer contribution per active participant$2,698
Median for plans this size$2,416
2024$2,698 per active participant
2023$2,753 per active participant
2022$2,749 per active participant

Materne North America Corp.'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$166,202
UBS FINANCIAL SERVICES INC · Investment advisory (plan)indirect comp
LEGACY RETIREMENT SOLUTIONS, LLC · Other servicesindirect comp

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$166,205 · 0.37%
2023$176,838 · 0.52%
2022$146,471 · 0.50%
Same employer
Similar plansManufacturing · New York
Rotork Controls, Inc. NY$51.9M · 0.05%
Car-Freshner Corporation NY$51.0M · 0.15%
Mana Products, Inc. NY$50.4M · 0.06%
Frequency Electronics, Inc. NY$50.3M · 0.20%
Fonar Corporation NY$50.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273542029 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.