Plan Ledger DOL Form 5500 · updated monthly

McLaughlin Research Corporation401(k)

MCLAUGHLIN EMPLOYEES PROFIT SHARING PLAN · MIDDLETOWN, RI · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

McLaughlin Research Corporation reported $124,074 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $3,380 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 0.22% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 57th-largest of 286 plans among Rhode Island employers on file, and the 2,099th of 11,654 in professional & technical services. In 2024, employees put in $1.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$68,290,098
Participants with balances792
Active participants496
Employer contributions$1,676,706
Employee contributions$2,875,442
Employer contribution per active participant$3,380
Average account balance$86,225
Benefits paid to participants$5,382,142
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$68.3M · 792 accts · $1.7M emplr
2023$59.4M · 782 accts · $1.4M emplr
2022$50.5M · 760 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,635
Investment management$38,739
Audit (IQPA)$14,700
Total administrative$124,074
The McLaughlin Research Corporation 401(k) match · 2024
Employer contribution per active participant$3,380
Median for plans this size$3,635
2024$3,380 per active participant
2023$2,995 per active participant
2022$2,949 per active participant

McLaughlin Research Corporation'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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Loan processing · Participant communication$70,635
FIDUCIENT ADVISORS LLC · Investment advisory (plan)$38,739
CLIFTON LARSON ALLEN · Accounting / audit$14,700
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$124,074 · 0.19%
2023$116,949 · 0.21%
2022$120,836 · 0.22%
Same employer
Similar plansProfessional & Technical Services · Rhode Island
Aaa Northeast RI$358.2M · 0.04%
Hinckley, Allen & Snyder LLP RI$177.6M · 0.05%
Seacorp, LLC RI$147.5M · 0.11%
Beta Group Inc RI$42.2M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131878945 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.