Plan Ledger DOL Form 5500 · updated monthly

Matrix Technologies, Inc.401(k)

MATRIX TECHNOLOGIES PROFIT SHARING & SAVINGS PLAN · MAUMEE, OH · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Matrix Technologies, Inc. reported $145,672 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $5,600 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 rose from 0.18% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 441st-largest of 3,295 plans among Ohio employers on file, and the 1,819th of 11,654 in professional & technical services. In 2024, employees put in $2.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$80,309,523
Participants with balances407
Active participants302
Employer contributions$1,691,217
Employee contributions$3,499,860
Employer contribution per active participant$5,600
Average account balance$197,321
Benefits paid to participants$3,075,589
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$80.3M · 407 accts · $1.7M emplr
2023$66.2M · 397 accts · $1.7M emplr
2022$55.9M · 378 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,291
Investment management$76,831
Audit (IQPA)$11,550
Total administrative$145,672
The Matrix Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$5,600
Median for plans this size$3,635
2024$5,600 per active participant
2023$5,562 per active participant
2022$5,450 per active participant

Matrix Technologies, Inc.'s 2024 employer contribution ran above 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 · 20243
JOHN HANCOCK · Recordkeeping · Loan processing$57,291
EVERHART ADVISOR · Investment advisory (plan)$76,831
CLIFTONLARSONALLEN LLP · Accounting / audit$11,550

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$145,672 · 0.20%
2023$129,037 · 0.21%
2022$113,099 · 0.18%
All plans at this employer2
MATRIX TECHNOLOGIES PROFIT SHARING & SAVINGS PLAN401(k)
MATRIX TECHNOLOGIES, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 341315997 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.