Plan Ledger DOL Form 5500 · updated monthly

McArthur Next, LLC401(k)

MCARTHUR NEXT, LLC 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
6.81%

McArthur Next, LLC reported $23,417 in plan administrative expenses for 2024: 6.81% of average plan assets, higher than ~90% of peers. 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 9.00% to 6.81%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (3,512th of 3,644), and 13,498th of 13,661 in manufacturing. active participation has grown from 195 to 220 since 2022.

Plan summary
Net assets, end of year$416,601
Participants with balances204
Active participants220
Employer contributions—
Employee contributions$188,694
Employer contribution per active participant—
Average account balance$2,042
Benefits paid to participants$57,480
Plan auditUnmodified (clean) audit opinion
AuditorHERBEIN & COMPANY, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$417K · 204 accts
2023$271K · 208 accts
2022$101K · 148 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,029
Investment management$3,287
Trustee / custodial$101
Total administrative$23,417
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
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$20,028

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$23,417 · 6.81%
2023$16,640 · 8.94%
2022$9,115 · 9.00%
Same employer
Similar plansManufacturing · Florida
Cansortium Holdings, LLC FL$682K · 1.16%
Sleep International, LLC FL$425K · 1.12%
Parker Services, Inc. FL$416K · 3.16%
Amerikooler, Inc. FL$406K · 0.17%
Disposable Hygiene, LLC FL$360K · 3.07%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 850774145 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.