Plan Ledger DOL Form 5500 · updated monthly

Matson Lumber Company401(k)

MATSON LUMBER COMPANY 401(K) PROFIT SHARING PLAN · BROOKVILLE, PA · plan year 2023

Reported admin expense ratio · 2023
0.59%

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

Matson Lumber Company reported $51,214 in plan administrative expenses for 2023: 0.59% of average plan assets, above the peer median. Employer contributions averaged $1,653 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 3 years on file its reported administrative ratio has held roughly steady near 0.64%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Pennsylvania (2,358th of 3,651), and 9,076th of 13,661 in manufacturing. In 2023, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,341,791
Participants with balances136
Active participants99
Employer contributions$163,619
Employee contributions$246,733
Employer contribution per active participant$1,653
Average account balance$68,690
Benefits paid to participants$272,269
Plan auditUnmodified (clean) audit opinion
AuditorCLYDE, FERRARO & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 128 accts · $156K emplr
2023$9.3M · 136 accts · $164K emplr
2022$7.9M · 148 accts · $170K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$6,679
Investment management$39,458
Trustee / custodial$5,077
Total administrative$51,214
The Matson Lumber Company 401(k) match · 2023
Employer contribution per active participant$1,653
Median for plans this size$1,308
2024$2,331 per active participant
2023$1,653 per active participant
2022$1,667 per active participant

Matson Lumber Company's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
SCHNEIDER DOWNS RET. SOLUTIONS · Recordkeeping$6,679
SCHNEIDER DOWNS WEALTH MGMT ADV. · Investment advisory (participants) · Investment advisory (plan)$39,458
CHARLES SCHWAB TRUST COMPANY · Custodial (securities)$5,077

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

Recordkeeper by year2
2024SCHNEIDER DOWNS RET. SOLUTIONS
2023SCHNEIDER DOWNS RET. SOLUTIONS

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

Administrative cost history3
2024$58,498 · 0.64%
2023$51,214 · 0.59%
2022$53,938 · 0.62%
Same employer
Similar plansManufacturing · Pennsylvania
McClarin Plastics, LLC PA$9.5M · 0.82%
Phb Die Casting Inc. PA$9.5M · 0.54%
Cunova Service USA LLC PA$9.3M · 0.59%
M. Simon Zook Co. PA$9.3M · 0.86%
Anholt Technologies, Inc. PA$9.2M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251431028 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.