Plan Ledger DOL Form 5500 · updated monthly

Maxey Trailers Manufacturing, Inc.401(k)

MAXEY TRAILERS MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN · BROOKSTON, TX · plan year 2024

Reported admin expense ratio · 2024
1.32%

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

Maxey Trailers Manufacturing, Inc. reported $26,458 in plan administrative expenses for 2024: 1.32% of average plan assets, higher than ~90% of peers. Employer contributions averaged $765 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 0.32% to 1.32%. 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 Texas (4,832nd of 5,688), and 12,717th of 13,661 in manufacturing. In 2024, employees put in $1.34 for every $1.00 the employer contributed; active participation has grown from 248 to 286 since 2022.

Plan summary
Net assets, end of year$2,231,294
Participants with balances95
Active participants286
Employer contributions$218,707
Employee contributions$292,223
Employer contribution per active participant$765
Average account balance$23,487
Benefits paid to participants$479,979
Plan auditUnmodified (clean) audit opinion
AuditorMCCARTHY, ROSE AND MILLS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.2M · 95 accts · $219K emplr
2023$1.8M · 107 accts · $279K emplr
2022$1.1M · 126 accts · $275K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,404
Investment management$9,054
Total administrative$26,458
The Maxey Trailers Manufacturing, Inc. 401(k) match · 2024
Employer contribution per active participant$765
Median for plans this size$1,313
2024$765 per active participant
2023$972 per active participant
2022$1,107 per active participant

Maxey Trailers Manufacturing, Inc.'s 2024 employer contribution ran below 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$17,404
HIGHTOWER ADVISORS LLC · Investment advisory (plan)$8,804

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$26,458 · 1.32%
2023$6,320 · 0.44%
2022$2,798 · 0.32%
Same employer
Similar plansManufacturing · Texas
Quest USA Inc TX$2.3M · 1.22%
Stanpac USA, LLC TX$2.2M · 1.20%
Axion Logistics, LLC TX$2.2M · 1.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262275695 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.