Plan Ledger DOL Form 5500 · updated monthly

Mekra Lang North America, LLC401(k)

MEKRA LANG 401(K) PROFIT SHARING PLAN · RIDGEWAY, SC · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Mekra Lang North America, LLC reported $36,145 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $1,092 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 0.77% to 0.59%. 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 South Carolina (534th of 807), and 10,549th of 13,661 in manufacturing. In 2024, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,250,565
Participants with balances290
Active participants195
Employer contributions$212,971
Employee contributions$401,748
Employer contribution per active participant$1,092
Average account balance$21,554
Benefits paid to participants$901,188
Plan auditUnmodified (clean) audit opinion
AuditorTHE HOBBS GROUP, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 290 accts · $213K emplr
2023$6.0M · 268 accts · $273K emplr
2022$4.8M · 209 accts · $246K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,731
Investment management$18,414
Total administrative$36,145
The Mekra Lang North America, LLC 401(k) match · 2024
Employer contribution per active participant$1,092
Median for plans this size$1,313
2024$1,092 per active participant
2023$1,393 per active participant
2022$1,302 per active participant

Mekra Lang North America, LLC's 2024 employer contribution ran below 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
TRANSAMERICA LIFE INSURANCE CO. · Recordkeeping · Loan processing$17,731
EDWARD D JONES & COMPANY · Consulting · Investment advisory (plan)$17,232

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

Recordkeeper by year2
2024Transamerica
2023Transamerica, Vanguard

This plan has changed recordkeepers within these filings. If you left Mekra Lang North America, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$36,145 · 0.59%
2023$47,492 · 0.88%
2022$41,089 · 0.77%
Same employer
Similar plansManufacturing · South Carolina
Pci Group, Inc. SC$7.2M · 0.15%
Bericap Sc, LLC SC$6.1M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582442603 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.