Plan Ledger DOL Form 5500 · updated monthly

Mesa Products, Inc.401(k)

MESA 401(K) PLAN · TULSA, OK · plan year 2023

Reported admin expense ratio · 2023
0.25%

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

Mesa Products, Inc. reported $62,100 in plan administrative expenses for 2023: 0.25% of average plan assets, below the peer median. Employer contributions averaged $2,582 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 0.09% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 198th-largest of 724 plans among Oklahoma employers on file, and the 4,954th of 13,661 in manufacturing. In 2023, employees put in $2.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,274,511
Participants with balances341
Active participants273
Employer contributions$704,777
Employee contributions$1,838,438
Employer contribution per active participant$2,582
Average account balance$77,051
Benefits paid to participants$3,337,744
Plan auditDisclaimer of opinion
AuditorWILSEY MEYER EATMON TATE PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$24.3M · 337 accts · $709K emplr
2023$26.3M · 341 accts · $705K emplr
2022$23.4M · 336 accts · $736K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$58,851
Trustee / custodial$2,320
Total administrative$62,100
The Mesa Products, Inc. 401(k) match · 2023
Employer contribution per active participant$2,582
Median for plans this size$2,440
2024$2,849 per active participant
2023$2,582 per active participant
2022$2,646 per active participant

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

Service providers · 20231
BOKF, NA · Custodial (securities) · Trustee$64,275

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$70,828 · 0.28%
2023$62,100 · 0.25%
2022$18,754 · 0.09%
Same employer
Similar plansManufacturing · Oklahoma
Bs&B Safety Systems, LLC OK$28.4M · 0.34%
Hall Capital, LLC OK$26.9M · 0.09%
Cof Aggregate Holdings, Inc OK$24.8M · 0.56%
Rae Corporation OK$24.7M · 0.67%
Schwarz Paving Co., Inc. OK$23.2M · 0.17%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 731210252 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.