Plan Ledger DOL Form 5500 · updated monthly

Met-Chem, Inc.401(k)

MET-CHEM, INC. 401(K) SAVINGS RETIREMENT PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Met-Chem, Inc. reported $41,585 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. Employer contributions averaged $1,777 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 3 years on file its reported administrative ratio has held roughly steady near 0.53%. 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 Ohio (2,175th of 3,295), and 9,589th of 13,661 in manufacturing. In 2024, employees put in $2.18 for every $1.00 the employer contributed; active participation has grown from 161 to 185 since 2022.

Plan summary
Net assets, end of year$8,189,888
Participants with balances155
Active participants185
Employer contributions$328,656
Employee contributions$715,252
Employer contribution per active participant$1,777
Average account balance$52,838
Benefits paid to participants$1,938,914
Plan auditUnmodified (clean) audit opinion
AuditorHANCOCK & ROBINSON
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 155 accts · $329K emplr
2023$7.5M · 134 accts
2022$5.6M · 147 accts · $299K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,585
Total administrative$41,585
The Met-Chem, Inc. 401(k) match · 2024
Employer contribution per active participant$1,777
Median for plans this size$1,313
2024$1,777 per active participant
2022$1,857 per active participant

Met-Chem, Inc.'s 2024 employer contribution ran above 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 · 20241

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$41,585 · 0.53%
2023$35,918 · 0.55%
2022$30,193 · 0.51%
Similar plansManufacturing · Ohio
Republic Wire Inc. OH$8.1M · 0.18%
Radix Wire & Cable, LLC OH$8.1M · 0.34%
Neyra Industries, Inc. OH$8.1M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341480739 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.