Plan Ledger DOL Form 5500 · updated monthly

Mb Aerospace Holdings Inc.401(k)

MB AEROSPACE 401(K) PROFIT SHARING PLAN · EAST GRANBY, CT · plan year 2022

Reported admin expense ratio · 2022
0.33%

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

Mb Aerospace Holdings Inc. reported $89,893 in plan administrative expenses for 2022: 0.33% of average plan assets, above the peer median. Employer contributions averaged $2,019 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 1 year on file its reported administrative ratio rose from 0.33% to 0.70%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is the 507th-largest of 1,106 plans among Connecticut employers on file, and the 5,408th of 13,661 in manufacturing. In 2022, employees put in $3.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,091,160
Participants with balances282
Active participants257
Employer contributions$518,977
Employee contributions$1,618,901
Employer contribution per active participant$2,019
Average account balance$81,884
Benefits paid to participants$2,343,039
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$37K · 6 accts · $367K emplr
2022$23.1M · 282 accts · $519K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$89,893
Total administrative$89,893
The Mb Aerospace Holdings Inc. 401(k) match · 2022
Employer contribution per active participant$2,019
Median for plans this size$2,266
2023$1,441 per active participant
2022$2,019 per active participant

Mb Aerospace Holdings Inc.'s 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$80,902 · 0.70%
2022$89,893 · 0.33%
Same employer
Similar plansManufacturing · Connecticut
Transact Technologies Inc. CT$25.0M · 0.22%
Electro-Methods, Inc. CT$24.4M · 0.54%
Putnam Plastics Corporation CT$22.8M · 0.61%
Wittmann USA Inc.. CT$22.8M · 0.03%
Tower Laboratories LTD. CT$22.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475635164 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.