Plan Ledger DOL Form 5500 · updated monthly

McCorvey Sheet Metal Works LP401(k)

MCCORVEY SHEET METAL WORKS LP PROFIT SHARING PLAN & TRUST · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

McCorvey Sheet Metal Works LP reported $132,175 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $3,003 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 0.35% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,140th-largest of 5,688 plans among Texas employers on file, and the 3,377th of 13,661 in manufacturing. In 2024, the employer put in $1.79 for every $1.00 employees contributed themselves; active participation has grown from 768 to 1,469 since 2022.

Plan summary
Net assets, end of year$45,242,996
Participants with balances997
Active participants1,469
Employer contributions$4,411,394
Employee contributions$2,466,462
Employer contribution per active participant$3,003
Average account balance$45,379
Benefits paid to participants$3,046,276
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$45.2M · 997 accts · $4.4M emplr
2023$35.8M · 774 accts · $3.2M emplr
2022$28.2M · 723 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,103
Total administrative$132,175
The McCorvey Sheet Metal Works LP 401(k) match · 2024
Employer contribution per active participant$3,003
Median for plans this size$2,416
2024$3,003 per active participant
2023$3,660 per active participant
2022$3,557 per active participant

McCorvey Sheet Metal Works LP'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 · 20242
MERRILL LYNCH · Consulting · Investment advisory (plan)indirect comp

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$132,175 · 0.33%
2023$70,274 · 0.22%
2022$108,937 · 0.35%
Same employer
Similar plansManufacturing · Texas
Novaria Holdings TX$46.1M · 0.27%
Igloo Products Corp. TX$45.7M · 0.25%
Kps Global, LLC TX$45.3M · 0.30%
Nielsen & Bainbridge, LLC TX$44.6M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741363754 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.