Plan Ledger DOL Form 5500 · updated monthly

Maxon Industries, Inc.401(k)

MAXON INDUSTRIES 401(K) PLAN · SANTA FE SPRINGS, CA · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Maxon Industries, Inc. reported $132,989 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $3,422 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 0.53% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 2,392nd-largest of 9,483 plans among California employers on file, and the 1,168th of 4,246 in wholesale trade. In 2024, employees put in $2.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$34,815,610
Participants with balances122
Active participants136
Employer contributions$465,415
Employee contributions$1,390,549
Employer contribution per active participant$3,422
Average account balance$285,374
Benefits paid to participants$575,949
Plan history3
Yearassets · accounts · employer contribution
2024$34.8M · 122 accts · $465K emplr
2023$29.8M · 120 accts · $260 emplr
2022$26.1M · 121 accts · $416K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$132,989
Total administrative$132,989
The Maxon Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$3,422
Median for plans this size$2,416
2024$3,422 per active participant
2023$2 per active participant
2022$3,273 per active participant

Maxon Industries, 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 · 20241
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$132,989

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$132,989 · 0.41%
2023$115,363 · 0.41%
2022$152,148 · 0.53%
Same employer
Similar plansWholesale Trade · California
Vytalogy Wellness LLC CA$35.2M · 0.16%
Kikkoman Sales USA, Inc. CA$35.1M · 0.05%
Jfe Shoji America, LLC CA$34.9M · 0.63%
The Inside Source, Inc. CA$34.9M · 0.49%
World Variety Produce, Inc. CA$34.6M · 0.02%
Synamedia Americas LLC CA$34.5M · 0.05%
Roland Corporation U.S. CA$34.3M · 0.36%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 954386345 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.