Plan Ledger DOL Form 5500 · updated monthly

Matter Surfaces, Inc.401(k)

MATTER SURFACES, INC. 401(K) PLAN · STOUGHTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Matter Surfaces, Inc. reported $55,986 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,800 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 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Massachusetts (1,385th of 2,726), and the 1,588th of 5,215 in retail trade. In 2024, employees put in $2.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,463,747
Participants with balances111
Active participants138
Employer contributions$386,342
Employee contributions$989,202
Employer contribution per active participant$2,800
Average account balance$166,340
Benefits paid to participants$2,155,158
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.5M · 111 accts · $386K emplr
2023$16.7M · 106 accts · $402K emplr
2022$13.2M · 100 accts · $326K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,986
Investment management$20,000
Total administrative$55,986
The Matter Surfaces, Inc. 401(k) match · 2024
Employer contribution per active participant$2,800
Median for plans this size$2,416
2024$2,800 per active participant
2023$2,980 per active participant
2022$2,380 per active participant

Matter Surfaces, Inc.'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$35,986
MML INVESTOR SERVICES LLC · Investment advisory (plan)$20,000

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$55,986 · 0.32%
2023$51,397 · 0.34%
2022$44,228 · 0.31%
Same employer
Similar plansRetail Trade · Massachusetts
Cohere Health, Inc MA$17.3M · 0.69%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 042504157 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.