Plan Ledger DOL Form 5500 · updated monthly

McNally Industries, LLC401(k)

MCNALLY INDUSTRIES, LLC 401(K) SAVINGS PLAN · GRANTSBURG, WI · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

McNally Industries, LLC reported $43,153 in plan administrative expenses for 2024: 0.56% of average plan assets, above the peer median. Employer contributions averaged $2,777 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 0.27% to 0.56%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Wisconsin (1,425th of 1,936), and 9,735th of 13,661 in manufacturing. In 2024, employees put in $2.34 for every $1.00 the employer contributed; active participation has grown from 77 to 94 since 2022.

Plan summary
Net assets, end of year$7,862,568
Participants with balances131
Active participants94
Employer contributions$261,055
Employee contributions$610,512
Employer contribution per active participant$2,777
Average account balance$60,020
Benefits paid to participants$1,482,754
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 131 accts · $261K emplr
2023$7.5M · 120 accts · $224K emplr
2022$6.0M · 115 accts · $95K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,153
Total administrative$43,153
The McNally Industries, LLC 401(k) match · 2024
Employer contribution per active participant$2,777
Median for plans this size$1,313
2024$2,777 per active participant
2023$2,605 per active participant
2022$1,236 per active participant

McNally Industries, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20243
CREATIVE PLANNING LLC · Investment advisory (plan)$20,000
EMPOWER ADVISORY GROUP, LLC · Investment management$5,099

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$43,153 · 0.56%
2023$36,345 · 0.54%
2022$16,310 · 0.27%
Similar plansManufacturing · Wisconsin
Mitotec Precision WI$7.9M · 0.47%
Green Bay Converting Inc WI$7.9M · 0.55%
SA Automotive, LTD. WI$7.8M · 0.87%
Wb Manufacturing, LLC WI$7.8M · 0.40%
Nasonville Dairy, Inc. WI$7.8M · 0.07%
Kinex/R&M Holdco, LLC WI$7.7M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812978162 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.