Plan Ledger DOL Form 5500 · updated monthly

Metal Technologies of Indiana, LLC401(k)

MTI 401(K) PLAN · AUBURN, IN · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Metal Technologies of Indiana, LLC reported $97,681 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $4,360 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 0.17% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 216th-largest of 1,562 plans among Indiana employers on file, and the 2,492nd of 13,661 in manufacturing. In 2024, employees put in $1.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$69,000,604
Participants with balances719
Active participants603
Employer contributions$2,629,162
Employee contributions$3,440,891
Employer contribution per active participant$4,360
Average account balance$95,967
Benefits paid to participants$6,037,447
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$69.0M · 719 accts · $2.6M emplr
2023$60.0M · 706 accts · $2.4M emplr
2022$48.5M · 675 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,319
Investment management$2,362
Total administrative$97,681
The Metal Technologies of Indiana, LLC 401(k) match · 2024
Employer contribution per active participant$4,360
Median for plans this size$3,635
2024$4,360 per active participant
2023$3,972 per active participant
2022$3,572 per active participant

Metal Technologies of Indiana, LLC's 2024 employer contribution ran above the $3,635 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
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$97,681

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$97,681 · 0.15%
2023$87,786 · 0.16%
2022$93,250 · 0.17%
All plans at this employer2
MTI 401(K) PLAN401(k)
MTI SAVINGS PLAN401(k)
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 352068586 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.