Plan Ledger DOL Form 5500 · updated monthly

Metal Flow Corporation401(k)

METAL FLOW CORPORATION PROFIT SHARING AND SAVINGS PLAN · HOLLAND, MI · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Metal Flow Corporation reported $101,631 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $4,001 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 0.37% to 0.39%. 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 825th-largest of 2,619 plans among Michigan employers on file, and the 4,734th of 13,661 in manufacturing. In 2024, employees put in $1.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,031,625
Participants with balances251
Active participants198
Employer contributions$792,222
Employee contributions$1,300,007
Employer contribution per active participant$4,001
Average account balance$111,680
Benefits paid to participants$1,840,679
Plan auditQualified audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.0M · 251 accts · $792K emplr
2023$24.8M · 279 accts · $860K emplr
2022$20.9M · 257 accts · $754K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$101,631
Total administrative$101,631
The Metal Flow Corporation 401(k) match · 2024
Employer contribution per active participant$4,001
Median for plans this size$2,416
2024$4,001 per active participant
2023$3,757 per active participant
2022$3,445 per active participant

Metal Flow Corporation'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$101,631
EDWARD JONES · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$101,631 · 0.39%
2023$87,446 · 0.38%
2022$81,555 · 0.37%
Same employer
Similar plansManufacturing · Michigan
Kiekert USA, Inc. MI$28.5M · 0.43%
The Mill Steel Co. MI$28.3M · 0.22%
Nlb Corporation MI$28.1M · 0.14%
Perceptron, Inc. MI$27.9M · 0.19%
Stageright Corporation MI$27.6M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382231320 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.