Plan Ledger DOL Form 5500 · updated monthly

Mel Stevenson and Associates, Inc.401(k)

MEL STEVENSON AND ASSOCIATES, INC. 401(K) PLAN · KANSAS CITY, KS · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Mel Stevenson and Associates, Inc. reported $89,827 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,819 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 0.24% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 144th-largest of 828 plans among Kansas employers on file, and the 865th of 4,246 in wholesale trade. In 2024, employees put in $1.61 for every $1.00 the employer contributed; active participation has grown from 363 to 431 since 2022.

Plan summary
Net assets, end of year$47,581,612
Participants with balances518
Active participants431
Employer contributions$1,215,000
Employee contributions$1,959,362
Employer contribution per active participant$2,819
Average account balance$91,856
Benefits paid to participants$2,398,164
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$47.6M · 518 accts · $1.2M emplr
2023$41.5M · 552 accts · $1.2M emplr
2022$34.4M · 486 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,373
Investment management$46,454
Total administrative$89,827
The Mel Stevenson and Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$2,819
Median for plans this size$2,416
2024$2,819 per active participant
2023$3,092 per active participant
2022$3,358 per active participant

Mel Stevenson and Associates, 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 · 20244
CETERA ADVISOR NETWORKS LLC · Investment advisory (plan)$43,570
ERP NATIONAL LLC DBA ERP RETIREMENT · Contract administrator$24,396
EMPOWER ADVISORY GROUP, LLC · Investment management$2,884

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

Administrative cost history3
2024$89,827 · 0.20%
2023$88,171 · 0.23%
2022$90,810 · 0.24%
Same employer
Similar plansWholesale Trade · Kansas
Heritage Tractor, Inc. KS$61.4M · 0.29%
Ibt, Inc. KS$44.1M · 0.25%
Kanequip, Inc. KS$33.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431369879 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.