Plan Ledger DOL Form 5500 · updated monthly

McGregor Metal Holdings LLC401(k)

MCGREGOR METALWORKING COMPANIES 401(K) PROFIT SHARING PLAN · SPRINGFIELD, OH · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

McGregor Metal Holdings LLC reported $22,139 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $532 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 0.09% to 0.20%. 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 among the smaller plans on file in Ohio (1,878th of 3,295), and 8,236th of 13,661 in manufacturing. In 2024, employees put in $5.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,353,744
Participants with balances274
Active participants250
Employer contributions$133,118
Employee contributions$666,106
Employer contribution per active participant$532
Average account balance$41,437
Benefits paid to participants$1,746,538
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 274 accts · $133K emplr
2023$11.1M · 297 accts · $146K emplr
2022$10.9M · 282 accts · $121K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,139
Total administrative$22,139
The McGregor Metal Holdings LLC 401(k) match · 2024
Employer contribution per active participant$532
Median for plans this size$2,416
2024$532 per active participant
2023$557 per active participant
2022$483 per active participant

McGregor Metal Holdings LLC's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
CONSOLIDATED FINANCIAL MGMT GROUP L · Investment advisory (plan)$16,665
CLARK SCHAEFER HACKETT · Contract administrator$5,301
EMPOWER ADVISORY GROUP · Investment management$3,098

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$22,139 · 0.20%
2023$15,916 · 0.14%
2022$11,204 · 0.09%
Similar plansManufacturing · Ohio
Haver Tyler, Inc. OH$11.4M · 0.20%
B-K Tool & Design, Inc. OH$11.4M · 0.02%
Techmetals, Inc. OH$11.4M · 0.11%
Gmi Companies, Inc. OH$11.3M · 0.38%
Seal Master Corporation OH$11.2M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 874103294 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.