Plan Ledger DOL Form 5500 · updated monthly

Mfg Employment Services, LLC401(k)

MFG 401(K) PLAN · ALPHARETTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Mfg Employment Services, LLC reported $12,487 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,678 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 0.01% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 762nd-largest of 2,160 plans among Georgia employers on file, and 2,717th of 4,798 in finance & insurance. In 2024, employees put in $2.25 for every $1.00 the employer contributed; active participation has grown from 174 to 283 since 2022.

Plan summary
Net assets, end of year$24,801,007
Participants with balances257
Active participants283
Employer contributions$1,323,828
Employee contributions$2,979,996
Employer contribution per active participant$4,678
Average account balance$96,502
Benefits paid to participants$852,832
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAMS BENATOR & LIBBY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$24.8M · 257 accts · $1.3M emplr
2023$17.7M · 223 accts · $936K emplr
2022$11.8M · 156 accts · $630K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,838
Trustee / custodial$1,649
Total administrative$12,487
The Mfg Employment Services, LLC 401(k) match · 2024
Employer contribution per active participant$4,678
Median for plans this size$2,416
2024$4,678 per active participant
2023$4,069 per active participant
2022$3,619 per active participant

Mfg Employment Services, LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$10,838
MATRIX TRUST COMPANY · Custodial (securities) · Loan processing$1,649

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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

Administrative cost history3
2024$12,487 · 0.06%
2023$5,067 · 0.03%
2022$1,170 · 0.01%
Same employer
Similar plansFinance & Insurance · Georgia
Breckenridge Is, Inc. GA$26.3M · 0.02%
Yates LLC GA$25.0M · 0.46%
Metro City Bank GA$24.0M · 0.19%
The Crown Capital Fund, LLC GA$21.9M · 0.27%
Kinetic Credit Union GA$21.2M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 873985815 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.