Plan Ledger DOL Form 5500 · updated monthly

Mechatronics, Inc.401(k)

MECHATRONICS, INC. 401(K) PROFIT SHARING PLAN · PRESTON, WA · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Mechatronics, Inc. reported $63,884 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $2,996 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 0.41% to 0.44%. 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 826th-largest of 1,714 plans among Washington employers on file, and 6,930th of 13,661 in manufacturing. In 2024, employees put in $2.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,551,388
Participants with balances179
Active participants129
Employer contributions$386,474
Employee contributions$951,216
Employer contribution per active participant$2,996
Average account balance$86,879
Benefits paid to participants$502,327
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.6M · 179 accts · $386K emplr
2023$13.2M · 173 accts · $353K emplr
2022$13.6M · 186 accts · $341K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,891
Investment management$33,803
Trustee / custodial$6,190
Total administrative$63,884
The Mechatronics, Inc. 401(k) match · 2024
Employer contribution per active participant$2,996
Median for plans this size$2,416
2024$2,996 per active participant
2023$2,993 per active participant
2022$2,893 per active participant

Mechatronics, 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 · 20243
NORTHWEST PLAN SERVICES · Recordkeeping · Loan processing$23,891
PACIFIC PORTFOLIO CONSULTING · Pension consulting$33,803
CHARLES SCHWAB BANK · Custodial · Custodial (securities)$6,190

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

Recordkeeper by year2
2024NWPS
2023NWPS

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Administrative cost history3
2024$63,884 · 0.44%
2023$62,937 · 0.47%
2022$62,523 · 0.41%
Same employer
Similar plansManufacturing · Washington
Umoja Biopharma, Inc. WA$16.1M · 0.04%
Global Harvest Foods LLC WA$14.9M · 0.86%
Reischling Press, Inc. WA$14.7M · 0.55%
Rainier Industries, LTD. WA$14.3M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911283217 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.