Plan Ledger DOL Form 5500 · updated monthly

Maugus Manufacturing, Inc.401(k)

MAUGUS MANUFACTURING, INC. PROFIT SHARING PLAN · LANCASTER, PA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Maugus Manufacturing, Inc. reported $11,214 in plan administrative expenses for 2024: 0.13% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,463 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 0.21% to 0.13%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Pennsylvania (2,351st of 3,651), and 9,050th of 13,661 in manufacturing. In 2024, employees put in $1.64 for every $1.00 the employer contributed; active participation has grown from 132 to 153 since 2022.

Plan summary
Net assets, end of year$9,411,344
Participants with balances216
Active participants153
Employer contributions$223,898
Employee contributions$368,310
Employer contribution per active participant$1,463
Average account balance$43,571
Benefits paid to participants$398,349
Plan auditUnmodified (clean) audit opinion
AuditorRKL, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 216 accts · $224K emplr
2023$8.2M · 183 accts · $210K emplr
2022$7.8M · 187 accts · $536K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,214
Total administrative$11,214
The Maugus Manufacturing, Inc. 401(k) match · 2024
Employer contribution per active participant$1,463
Median for plans this size$1,313
2024$1,463 per active participant
2023$1,738 per active participant
2022$4,064 per active participant

Maugus Manufacturing, Inc.'s 2024 employer contribution ran above the $1,313 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
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$11,214

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$11,214 · 0.13%
2023$11,152 · 0.14%
2022$20,957 · 0.21%
Same employer
Similar plansManufacturing · Pennsylvania
Zober Industries, Inc. PA$9.6M · 0.71%
McClarin Plastics, LLC PA$9.5M · 0.82%
Phb Die Casting Inc. PA$9.5M · 0.54%
Matson Lumber Company PA$9.3M · 0.59%
Cunova Service USA LLC PA$9.3M · 0.59%
M. Simon Zook Co. PA$9.3M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042067189 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.