Plan Ledger DOL Form 5500 · updated monthly

McNeely Plastic Products, Inc.401(k)

MCNEELY PLASTIC PRODUCTS, INC. RETIREMENT PLAN · CLINTON, MS · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

McNeely Plastic Products, Inc. reported $62,008 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $1,962 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 3 years on file its reported administrative ratio has held roughly steady near 0.70%. 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 the 180th-largest of 367 plans among Mississippi employers on file, and 9,001st of 13,661 in manufacturing. In 2024, employees put in $1.74 for every $1.00 the employer contributed; active participation has grown from 169 to 196 since 2022.

Plan summary
Net assets, end of year$9,529,024
Participants with balances168
Active participants196
Employer contributions$384,467
Employee contributions$667,513
Employer contribution per active participant$1,962
Average account balance$56,720
Benefits paid to participants$801,733
Plan auditUnmodified (clean) audit opinion
AuditorBMSS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 168 accts · $384K emplr
2023$8.2M · 184 accts · $371K emplr
2022$6.5M · 173 accts · $341K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,775
Investment management$57,233
Total administrative$62,008
The McNeely Plastic Products, Inc. 401(k) match · 2024
Employer contribution per active participant$1,962
Median for plans this size$1,313
2024$1,962 per active participant
2023$2,016 per active participant
2022$2,016 per active participant

McNeely Plastic Products, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20242
MWG RETIREMENT PLAN SERVICES · Recordkeeping$4,775
BALLEW ADVISORS · Investment advisory (plan)$57,233

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

Recordkeeper by year2
2024MWG RETIREMENT PLAN SERVICES
2023MWG RETIREMENT PLAN SERVICES

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

Administrative cost history3
2024$62,008 · 0.70%
2023$48,656 · 0.66%
2022$47,191 · 0.67%
Same employer
Similar plansManufacturing · Mississippi
Glenn Machine Works, Inc. MS$10.4M · 0.91%
Columbia Industries, LLC MS$9.1M · 0.40%
Southern Motion, Inc. MS$7.5M · 1.04%
Whitmor, Inc. MS$7.4M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640756080 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.