Plan Ledger DOL Form 5500 · updated monthly

McPherson Concrete Products, Inc.401(k)

MCPHERSON CONCRETE COMPANIES 401(K) PLAN · MCPHERSON, KS · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

McPherson Concrete Products, Inc. reported $40,095 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $3,196 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 0.37%. 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 Kansas (449th of 828), and 8,156th of 13,661 in manufacturing. In 2024, employees put in $1.31 for every $1.00 the employer contributed; active participation has grown from 114 to 157 since 2022.

Plan summary
Net assets, end of year$11,616,714
Participants with balances127
Active participants157
Employer contributions$501,703
Employee contributions$656,270
Employer contribution per active participant$3,196
Average account balance$91,470
Benefits paid to participants$465,214
Plan auditUnmodified (clean) audit opinion
AuditorREGIER, CARR & MONROE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.6M · 127 accts · $502K emplr
2023$9.8M · 110 accts · $441K emplr
2022$9.2M · 107 accts · $426K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,095
Total administrative$40,095
The McPherson Concrete Products, Inc. 401(k) match · 2024
Employer contribution per active participant$3,196
Median for plans this size$2,416
2024$3,196 per active participant
2023$3,870 per active participant
2022$3,741 per active participant

McPherson Concrete Products, Inc.'s 2024 employer contribution ran above the $2,416 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
PREFERRED PENSION SOLUTIONS · Recordkeeping$7,646
LINCOLN NATIONAL CORPORATION · Contract administrator$38,920

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

Recordkeeper by year2
2024PREFERRED PENSION SOLUTIONS
2023PREFERRED PENSION SOLUTIONS

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Administrative cost history3
2024$40,095 · 0.37%
2023$42,993 · 0.45%
2022$42,187 · 0.38%
Similar plansManufacturing · Kansas
Knit-Rite, LLC KS$12.1M · 0.22%
Harper Industries, Inc. KS$11.8M · 0.17%
Yingling Aircraft, LLC KS$11.6M · 0.22%
STEP2 Discovery LLC KS$11.6M · 0.06%
Polo Custom Products KS$11.5M · 0.40%
Systemair Mfg. Inc. KS$11.4M · 0.73%
Galaxy Technology, Inc. KS$10.7M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480987996 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.