Plan Ledger DOL Form 5500 · updated monthly

Medical Murray, Inc.401(k)

MEDICAL MURRAY, INC. 401(K) RETIREMENT PLAN · NORTH BARRINGTON, IL · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Medical Murray, Inc. reported $50,220 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $2,487 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 0.63% to 0.57%. 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 Illinois (2,410th of 3,702), and 8,912th of 13,661 in manufacturing. In 2024, employees put in $2.64 for every $1.00 the employer contributed; active participation has grown from 152 to 195 since 2022.

Plan summary
Net assets, end of year$9,753,096
Participants with balances237
Active participants195
Employer contributions$484,921
Employee contributions$1,281,062
Employer contribution per active participant$2,487
Average account balance$41,152
Benefits paid to participants$1,054,914
Plan auditUnmodified (clean) audit opinion
AuditorADDUCCI VEGA FINANCIAL GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 237 accts · $485K emplr
2023$8.0M · 213 accts · $418K emplr
2022$6.0M · 191 accts · $332K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,194
Investment management$21,026
Total administrative$50,220
The Medical Murray, Inc. 401(k) match · 2024
Employer contribution per active participant$2,487
Median for plans this size$1,313
2024$2,487 per active participant
2023$2,142 per active participant
2022$2,185 per active participant

Medical Murray, Inc.'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 · 20242
ADP, INC. · Loan processing · Recordkeeping$29,194
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$21,025

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

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

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

Administrative cost history3
2024$50,220 · 0.57%
2023$42,200 · 0.60%
2022$38,940 · 0.63%
Same employer
Similar plansManufacturing · Illinois
Custom Plastics, Inc. IL$9.8M · 0.50%
Gallagher Corporation IL$9.8M · 0.11%
Morris Packaging IL$9.7M · 1.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364071468 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.