Plan Ledger DOL Form 5500 · updated monthly

Matouk Textile Works, Inc.401(k)

MATOUK TEXTILE WORKS, INC 401(K) PLAN · FALL RIVER, MA · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Matouk Textile Works, Inc. reported $46,182 in plan administrative expenses for 2024: 0.46% of average plan assets, above the peer median. Employer contributions averaged $1,680 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 0.84% to 0.46%. 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 among the smaller plans on file in Massachusetts (1,827th of 2,726), and 8,397th of 13,661 in manufacturing. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has grown from 228 to 259 since 2022.

Plan summary
Net assets, end of year$10,926,581
Participants with balances236
Active participants259
Employer contributions$435,134
Employee contributions$753,337
Employer contribution per active participant$1,680
Average account balance$46,299
Benefits paid to participants$407,072
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.9M · 236 accts · $435K emplr
2023$9.2M · 209 accts · $390K emplr
2022$7.4M · 191 accts · $344K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,332
Total administrative$46,182
The Matouk Textile Works, Inc. 401(k) match · 2024
Employer contribution per active participant$1,680
Median for plans this size$2,416
2024$1,680 per active participant
2023$1,719 per active participant
2022$1,508 per active participant

Matouk Textile Works, Inc.'s 2024 employer contribution ran below 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 · 20241
EDELMAN FINANCIAL ENGINES, LLC · Contract administrator · Recordkeeping$45,332

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

Recordkeeper by year2
2024EDELMAN FINANCIAL ENGINES, LLC
2023NEW ENGLAND PENSION PLAN SYSTEMS, L

This plan has changed recordkeepers within these filings. If you left Matouk Textile Works, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$46,182 · 0.46%
2023$72,643 · 0.87%
2022$62,910 · 0.84%
Same employer
Similar plansManufacturing · Massachusetts
Curtis Industries, LLC MA$11.0M · 0.05%
Vulcanforms Inc. MA$11.0M · 0.04%
Bomco, Inc. MA$10.8M · 0.32%
Oxford Biomedica Solutions MA$10.8M · 0.56%
Gp&C Operations LLC. MA$10.8M · 0.45%
Transom Post Opco, LLC MA$10.7M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043009415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.