Plan Ledger DOL Form 5500 · updated monthly

McElroy Manufacturing, Inc.401(k)

MCELROY MANUFACTURING, INC. SAVINGS INVESTMENT PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

McElroy Manufacturing, Inc. reported $55,470 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $2,749 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 0.23% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 83rd-largest of 724 plans among Oklahoma employers on file, and the 2,614th of 13,661 in manufacturing. In 2024, employees put in $2.83 for every $1.00 the employer contributed; active participation has grown from 415 to 522 since 2022.

Plan summary
Net assets, end of year$64,754,721
Participants with balances606
Active participants522
Employer contributions$1,435,175
Employee contributions$4,063,378
Employer contribution per active participant$2,749
Average account balance$106,856
Benefits paid to participants$2,180,279
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$64.8M · 606 accts · $1.4M emplr
2023$52.9M · 571 accts · $1.5M emplr
2022$43.1M · 497 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Trustee / custodial$55,470
Total administrative$55,470
The McElroy Manufacturing, Inc. 401(k) match · 2024
Employer contribution per active participant$2,749
Median for plans this size$3,635
2024$2,749 per active participant
2023$3,119 per active participant
2022$2,617 per active participant

McElroy Manufacturing, Inc.'s 2024 employer contribution ran below the $3,635 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
BOKF, NA · Recordkeeping · Trustee (directed)$55,470

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

Recordkeeper by year2
2024BOKF, NA
2023BOKF, NA

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Administrative cost history3
2024$55,470 · 0.09%
2023$104,098 · 0.22%
2022$110,294 · 0.23%
Same employer
Similar plansManufacturing · Oklahoma
The Bama Companies, Inc. OK$78.2M · 0.31%
Gemini Industries, Inc. OK$76.3M · 0.10%
Lopez Food, Inc. OK$66.3M · 0.29%
Cfs Brands LLC OK$63.3M · 0.14%
W&W-Afco Steel LLC OK$62.2M · 0.17%
Kelvion Inc. OK$47.9M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 730722906 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.