Plan Ledger DOL Form 5500 · updated monthly

Maval Industries, LLC401(k)

MAVAL INDUSTRIES, LLC 401(K) PLAN · TWINSBURG, OH · plan year 2021

Reported admin expense ratio · 2021
0.39%

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

Maval Industries, LLC reported $15,275 in plan administrative expenses for 2021: 0.39% of average plan assets, below the peer median. Employer contributions averaged $1,437 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 rose from 0.04% to 0.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 289 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (2,679th of 3,295), and 11,714th of 13,661 in manufacturing. In 2021, employees put in $1.53 for every $1.00 the employer contributed; active participation has shrunk from 128 to 108 since 2020.

Plan summary
Net assets, end of year$4,041,455
Participants with balances122
Active participants108
Employer contributions$155,214
Employee contributions$238,010
Employer contribution per active participant$1,437
Average account balance$33,127
Benefits paid to participants$461,428
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2023$4.0M · 94 accts · $126K emplr
2022$3.4M · 95 accts · $147K emplr
2021$4.0M · 122 accts · $155K emplr
2020$3.7M · 125 accts · $37K emplr
Administrative expenses, itemized · 2021
Recordkeeping & contract admin$15,275
Total administrative$15,275
The Maval Industries, LLC 401(k) match · 2021
Employer contribution per active participant$1,437
Median for plans this size$994
2023$1,163 per active participant
2022$1,325 per active participant
2021$1,437 per active participant
2020$287 per active participant

Maval Industries, LLC's 2021 employer contribution ran above the $994 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 2021 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history4
2023$12,202 · 0.33%
2022$16,944 · 0.46%
2021$15,275 · 0.39%
2020$1,667 · 0.04%
Similar plansManufacturing · Ohio
Polymer Packaging, Inc. OH$4.2M · 0.08%
Third Dimension, Inc. OH$4.0M · 0.05%
Miba Bearings US LLC OH$4.0M · 0.21%
Tae Brakes, LLC OH$4.0M · 0.21%
Woeber Mustard Company OH$4.0M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473153632 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.