Plan Ledger DOL Form 5500 · updated monthly

Mbc Holdings of Ohio Inc.401(k)

MBC HOLDINGS OF OHIO INC. 401(K) SAVINGS & RETIREMENT PLAN · ARCHBOLD, OH · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Mbc Holdings of Ohio Inc. reported $106,158 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $8,503 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 0.26% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,182nd-largest of 3,295 plans among Ohio employers on file, and the 1,810th of 5,337 in construction. In 2024, the employer put in $1.25 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$23,541,682
Participants with balances193
Active participants170
Employer contributions$1,445,570
Employee contributions$1,157,411
Employer contribution per active participant$8,503
Average account balance$121,978
Benefits paid to participants$3,304,922
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.5M · 193 accts · $1.4M emplr
2023$21.7M · 180 accts · $1.5M emplr
2022$18.7M · 187 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,931
Investment management$44,227
Total administrative$106,158
The Mbc Holdings of Ohio Inc. 401(k) match · 2024
Employer contribution per active participant$8,503
Median for plans this size$2,416
2024$8,503 per active participant
2023$9,645 per active participant
2022$7,059 per active participant

Mbc Holdings of Ohio Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$44,227

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$106,158 · 0.47%
2023$104,197 · 0.52%
2022$50,708 · 0.26%
Similar plansConstruction · Ohio
Smoot Corporation OH$24.5M · 0.07%
Donley Companies, Inc. OH$24.2M · 0.39%
Hgc Construction Co. OH$23.9M · 0.50%
E.S. Wagner Company OH$23.7M · 0.31%
Elford, Inc. OH$22.3M · 0.03%
Roth Bros., Inc. OH$22.0M · 0.45%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 344456871 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.