Plan Ledger DOL Form 5500 · updated monthly

McFarlane Manufacturing Company, Inc.401(k)

MCFARLANE INCENTIVE SAVINGS AND PROFIT SHARING PLAN · SAUK CITY, WI · plan year 2023

Reported admin expense ratio · 2023
0.23%

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

McFarlane Manufacturing Company, Inc. reported $54,926 in plan administrative expenses for 2023: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,171 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 0.27% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 731st-largest of 1,936 plans among Wisconsin employers on file, and the 5,109th of 13,661 in manufacturing. In 2023, employees put in $3.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,095,542
Participants with balances273
Active participants203
Employer contributions$237,790
Employee contributions$745,792
Employer contribution per active participant$1,171
Average account balance$91,925
Benefits paid to participants$1,939,170
Plan auditUnmodified (clean) audit opinion
AuditorENGELSON & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$25.1M · 262 accts · $265K emplr
2023$25.1M · 273 accts · $238K emplr
2022$22.2M · 249 accts · $130K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$20,776
Investment management$25,000
Audit (IQPA)$9,150
Total administrative$54,926
The McFarlane Manufacturing Company, Inc. 401(k) match · 2023
Employer contribution per active participant$1,171
Median for plans this size$2,440
2024$1,317 per active participant
2023$1,171 per active participant
2022$621 per active participant

McFarlane Manufacturing Company, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$20,776
GLOBAL RETIREMENT PARTNERS, LLC · Consulting$25,000
ENGELSON & ASSOCIATES, LTD · Accounting / audit$9,150
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$54,553 · 0.22%
2023$54,926 · 0.23%
2022$70,009 · 0.27%
Similar plansManufacturing · Wisconsin
Primex Inc. WI$25.7M · 0.19%
R&L Spring Company WI$25.7M · 0.28%
Share Corporation WI$25.6M · 0.27%
Corporate Group, Inc. WI$24.9M · 0.26%
Great Lakes Veneer, Inc. WI$24.8M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391046249 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.