Plan Ledger DOL Form 5500 · updated monthly

Metalx, LLC401(k)

METALX, LLC 401(K) PLAN · FORT WAYNE, IN · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Metalx, LLC reported $31,068 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $1,533 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 0.49% to 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Indiana (1,146th of 1,562), and 3,584th of 4,246 in wholesale trade. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 177 to 207 since 2022.

Plan summary
Net assets, end of year$5,383,012
Participants with balances182
Active participants207
Employer contributions$317,270
Employee contributions$606,203
Employer contribution per active participant$1,533
Average account balance$29,577
Benefits paid to participants$977,532
Plan auditUnmodified (clean) audit opinion
AuditorBADEN, GAGE & SCHROEDER, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 182 accts · $317K emplr
2023$4.8M · 181 accts · $305K emplr
2022$3.5M · 177 accts · $158K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,925
Investment management$22,143
Total administrative$31,068
The Metalx, LLC 401(k) match · 2024
Employer contribution per active participant$1,533
Median for plans this size$1,313
2024$1,533 per active participant
2023$1,827 per active participant
2022$893 per active participant

Metalx, LLC'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 · 20244
WORLD INVESTMENT ADVISORS LLC · Investment advisory (plan)$12,619
RETIREMENT PLAN CONCEPTS & SERVICES · Contract administrator$10,229
EMPOWER ADVISORY GROUP, LLC · Investment management$1,945

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$31,068 · 0.61%
2023$18,977 · 0.46%
2022$18,752 · 0.49%
Same employer
Similar plansWholesale Trade · Indiana
Robert Dietrick Co., Inc. IN$6.5M · 0.48%
Evapar, Inc. IN$5.2M · 0.50%
Novelty, Inc. IN$5.0M · 0.31%
Auto Park Motors, Inc. IN$2.8M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453790057 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.