Plan Ledger DOL Form 5500 · updated monthly

Methods Machine Tools, Inc.401(k)

METHODS MACHINE TOOLS, INC. RETIREMENT SAVINGS PLAN · SUDBURY, MA · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Methods Machine Tools, Inc. reported $101,861 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $998 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 has held roughly steady near 0.178%. 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 611th-largest of 2,726 plans among Massachusetts employers on file, and the 2,762nd of 13,661 in manufacturing. In 2024, employees put in $7.94 for every $1.00 the employer contributed; active participation has shrunk from 396 to 296 since 2022.

Plan summary
Net assets, end of year$60,223,125
Participants with balances468
Active participants296
Employer contributions$295,389
Employee contributions$2,346,316
Employer contribution per active participant$998
Average account balance$128,682
Benefits paid to participants$5,092,905
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$60.2M · 468 accts · $295K emplr
2023$54.2M · 611 accts · $295K emplr
2022$49.1M · 607 accts · $507K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,350
Audit (IQPA)$54,511
Total administrative$101,861
The Methods Machine Tools, Inc. 401(k) match · 2024
Employer contribution per active participant$998
Median for plans this size$3,635
2024$998 per active participant
2023$964 per active participant
2022$1,280 per active participant

Methods Machine Tools, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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 · 20242
WILMINGTON TRUST, N.A. · Investment advisory (plan)$54,511
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$47,350

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$101,861 · 0.18%
2023$98,631 · 0.19%
2022$98,831 · 0.18%
Same employer
Similar plansManufacturing · Massachusetts
Rogers Foam Corporation MA$63.4M · 0.19%
M. S. Walker, Inc. MA$62.1M · 0.04%
Tech-Etch, Inc. MA$61.4M · 0.09%
Casa Systems, Inc. MA$59.9M · 0.35%
Bemis Associates, Inc. MA$57.0M · 0.14%
Gn Audio USA, Inc. MA$56.9M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042254513 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.