Plan Ledger DOL Form 5500 · updated monthly

Metal Forming & Coining, LLC401(k)

METAL FORMING AND COINING CORPORATION 401(K) PLAN · MAUMEE, OH · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Metal Forming & Coining, LLC reported $54,453 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $2,523 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 0.38% to 0.35%. 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 1,570th-largest of 3,295 plans among Ohio employers on file, and 6,975th of 13,661 in manufacturing. In 2024, employees put in $2.44 for every $1.00 the employer contributed; active participation has shrunk from 149 to 132 since 2022.

Plan summary
Net assets, end of year$15,410,820
Participants with balances163
Active participants132
Employer contributions$333,031
Employee contributions$812,038
Employer contribution per active participant$2,523
Average account balance$94,545
Benefits paid to participants$3,088,715
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 163 accts · $333K emplr
2023$15.4M · 173 accts · $310K emplr
2022$14.6M · 179 accts · $341K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,294
Investment management$24,731
Audit (IQPA)$5,600
Total administrative$54,453
The Metal Forming & Coining, LLC 401(k) match · 2024
Employer contribution per active participant$2,523
Median for plans this size$2,416
2024$2,523 per active participant
2023$2,231 per active participant
2022$2,286 per active participant

Metal Forming & Coining, LLC'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 · 20245
MARCUM WEALTH LLC$18,828
EMPOWER ADVISORY GROUP, LLC · Investment management$18,353
TFO TDC LLC · Investment advisory (plan)$6,378
WILLIAM VAUGHAN COMPANY · Accounting / audit$5,600

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$54,453 · 0.35%
2023$59,162 · 0.39%
2022$65,930 · 0.38%
Same employer
Similar plansManufacturing · Ohio
Vexos, Inc. & Subsidiaries OH$15.7M · 0.43%
Alfred Nickles Bakery, Inc. OH$15.6M · 0.43%
Cmc Group, Inc. OH$15.5M · 0.45%
Salvagnini America, Inc. OH$15.2M · 0.02%
Grote Enterprises, LLC OH$15.2M · 0.71%
Select Arc, Inc. OH$15.1M · 0.62%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 344446523 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.