Plan Ledger DOL Form 5500 · updated monthly

Messenger, LLC401(k)

MESSENGER COMPANY 401(K) RETIREMENT SAVINGS PLAN · AUBURN, IN · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Messenger, LLC reported $31,386 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,552 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 0.11% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 735th-largest of 1,562 plans among Indiana employers on file, and 7,241st of 13,661 in manufacturing. In 2024, employees put in $2.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,499,207
Participants with balances273
Active participants252
Employer contributions$391,207
Employee contributions$1,088,886
Employer contribution per active participant$1,552
Average account balance$53,111
Benefits paid to participants$1,649,490
Plan auditUnmodified (clean) audit opinion
AuditorCROWE
Plan history3
Yearassets · accounts · employer contribution
2024$14.5M · 273 accts · $391K emplr
2023$12.6M · 282 accts · $379K emplr
2022$10.8M · 277 accts · $360K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,386
Total administrative$31,386
The Messenger, LLC 401(k) match · 2024
Employer contribution per active participant$1,552
Median for plans this size$2,416
2024$1,552 per active participant
2023$1,515 per active participant
2022$1,316 per active participant

Messenger, LLC's 2024 employer contribution ran below 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$31,386

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$31,386 · 0.23%
2023$11,895 · 0.10%
2022$12,201 · 0.11%
Same employer
Similar plansManufacturing · Indiana
Aero Metals, Inc. IN$15.1M · 0.33%
Schafer Industries Inc. IN$14.7M · 0.11%
Nap Asset Holdings, LTD IN$14.6M · 0.52%
Pmg Indiana LLC IN$14.4M · 0.02%
Dorel Juvenile Group, Inc. IN$14.3M · 0.37%
Electronics Research, Inc. IN$14.0M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800597389 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.