What are the fees in the Mfp, LLC 401(k) plan?

For plan year 2022, Mfp, LLC reported $3,625 in plan administrative expenses, or 0.46% of average plan assets — below the peer median. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Mfp, LLC 401(k)?

The average participant account balance was $27,838 for plan year 2022, based on 26 accounts.

Mfp, LLC401(k)

Name: Mfp, LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

MFP, LLC 401(K) PLAN · ELKHART, IN · plan year 2022

Reported admin expense ratio · 2022

0.46%

Mfp, LLC reported $3,625 in plan administrative expenses for 2022: 0.46% of average plan assets, below the peer median. 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Indiana (1,504th of 1,562), and 13,381st of 13,661 in manufacturing.

Plan summary
Net assets, end of year$723,780
Participants with balances26
Active participants119
Employer contributions—
Employee contributions$133,630
Employer contribution per active participant—
Average account balance$27,838
Benefits paid to participants$40,327
Plan auditUnmodified (clean) audit opinion
AuditorKAPTEIN, DYKSTRA & COMPANY, P.C.

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$3,273

Total administrative$3,625

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$3,625 · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461605570 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.