Plan Ledger DOL Form 5500 · updated monthly

Melrose North America, Inc.401(k)

MELROSE 401(K) SAVINGS PLAN · ATLANTA, GA · plan year 2023

Reported admin expense ratio · 2023
0.00%

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

Melrose North America, Inc. reported $1,509 in plan administrative expenses for 2023: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $11,471 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 0.11% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other administrative & support services employers. By assets it is the 646th-largest of 2,160 plans among Georgia employers on file, and the 437th of 2,534 in administrative & support services. In 2023, employees put in $4.07 for every $1.00 the employer contributed; active participation has shrunk from 8 to 6 since 2022.

Plan summary
Net assets, end of year$31,891,346
Participants with balances227
Active participants6
Employer contributions$68,826
Employee contributions$280,104
Employer contribution per active participant$11,471
Average account balance$140,491
Benefits paid to participants$2,406,182
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$31.6M · 207 accts · $59K emplr
2023$31.9M · 227 accts · $69K emplr
2022$28.6M · 245 accts · $53K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$500
Investment management$941
Total administrative$1,509
The Melrose North America, Inc. 401(k) match · 2023
Employer contribution per active participant$11,471
Median for plans this size$2,440
2024$11,820 per active participant
2023$11,471 per active participant
2022$6,640 per active participant

Melrose North America, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$17,417 · 0.05%
2023$1,509 · 0.00%
2022$34,757 · 0.11%
Similar plansAdministrative & Support Services · Georgia
Soliant Health, LLC GA$44.2M · 0.46%
Travel Incorporated GA$28.7M · 0.04%
Tsg Cennox, LLC GA$27.4M · 0.74%
Flock Group Inc GA$25.2M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271799313 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.