Plan Ledger DOL Form 5500 · updated monthly

McKenzie Sports Products, LLC401(k)

MCKENZIE SPORTS PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRU · SALISBURY, NC · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

McKenzie Sports Products, LLC reported $58,272 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $1,220 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 0.30% to 0.32%. 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 762nd-largest of 2,005 plans among North Carolina employers on file, and the 6,093rd of 13,661 in manufacturing. In 2024, employees put in $1.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,131,689
Participants with balances269
Active participants369
Employer contributions$450,034
Employee contributions$799,630
Employer contribution per active participant$1,220
Average account balance$71,122
Benefits paid to participants$1,057,884
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$19.1M · 269 accts · $450K emplr
2023$17.0M · 271 accts · $431K emplr
2022$15.4M · 268 accts · $422K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,725
Investment management$41,547
Total administrative$58,272
The McKenzie Sports Products, LLC 401(k) match · 2024
Employer contribution per active participant$1,220
Median for plans this size$2,416
2024$1,220 per active participant
2023$1,150 per active participant
2022$1,073 per active participant

McKenzie Sports Products, 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$58,272

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$58,272 · 0.32%
2023$49,984 · 0.31%
2022$50,190 · 0.30%
Same employer
Similar plansManufacturing · North Carolina
Joerns, LLC NC$19.5M · 0.83%
Humacyte Global, Inc. NC$19.3M · 0.02%
McMurray Fabrics, Inc NC$19.2M · 0.42%
Air Power, Inc. NC$18.9M · 0.39%
Tera Recon, Inc. NC$18.6M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232717120 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.