Plan Ledger DOL Form 5500 · updated monthly

Methode Electronics, Inc.401(k)

METHODE ELECTRONICS, INC. 401(K) SAVINGS PLAN · CHICAGO, IL · plan year 2025

Reported admin expense ratio · 2025
0.07%

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

Methode Electronics, Inc. reported $70,606 in plan administrative expenses for 2025: 0.07% of average plan assets, below the peer median. Employer contributions averaged $3,355 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 fell from 0.14% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other manufacturing employers. By assets it is the 588th-largest of 3,702 plans among Illinois employers on file, and the 1,948th of 13,661 in manufacturing. In 2025, employees put in $2.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$97,627,925
Participants with balances847
Active participants362
Employer contributions$1,214,544
Employee contributions$3,074,920
Employer contribution per active participant$3,355
Average account balance$115,263
Benefits paid to participants$12,766,309
Plan auditUnmodified (clean) audit opinion
AuditorSASSETTI LLC
Plan history4
Yearassets · accounts · employer contribution
2025$97.6M · 847 accts · $1.2M emplr
2024$93.2M · 853 accts · $1.3M emplr
2023$93.1M · 929 accts · $1.2M emplr
2022$85.9M · 990 accts · $1.2M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$70,606
Total administrative$70,606
The Methode Electronics, Inc. 401(k) match · 2025
Employer contribution per active participant$3,355
Median for plans this size$4,093
2025$3,355 per active participant
2024$3,429 per active participant
2023$2,930 per active participant
2022$3,018 per active participant

Methode Electronics, Inc.'s 2025 employer contribution ran below the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
LINCOLN NATIONAL CORPORATION · Contract administrator$70,606

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

Administrative cost history4
2025$70,606 · 0.07%
2024$72,596 · 0.08%
2023$78,068 · 0.09%
2022$133,760 · 0.14%
Same employer
Similar plansManufacturing · Illinois
Hcc, Inc. IL$99.1M
Ach Food Companies, Inc. IL$96.6M · 0.12%
Voyant Beauty, LLC IL$95.4M · 0.26%
Datex-Ohmeda, Inc. IL$92.1M · 0.07%
Fuchs Lubricants Co. IL$91.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362090085 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.