Plan Ledger DOL Form 5500 · updated monthly

Mgs Group North America, Inc.401(k)

MGS EMPLOYEE 401(K) PLAN · GERMANTOWN, WI · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Mgs Group North America, Inc. reported $46,323 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $2,252 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 fell from 0.12% to 0.08%. 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 349th-largest of 1,936 plans among Wisconsin employers on file, and the 2,694th of 13,661 in manufacturing. In 2024, employees put in $3.12 for every $1.00 the employer contributed; active participation has shrunk from 461 to 412 since 2022.

Plan summary
Net assets, end of year$62,642,830
Participants with balances649
Active participants412
Employer contributions$927,802
Employee contributions$2,897,063
Employer contribution per active participant$2,252
Average account balance$96,522
Benefits paid to participants$3,495,415
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$62.6M · 649 accts · $928K emplr
2023$54.0M · 610 accts · $874K emplr
2022$51.3M · 768 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,823
Investment management$22,500
Total administrative$46,323
The Mgs Group North America, Inc. 401(k) match · 2024
Employer contribution per active participant$2,252
Median for plans this size$3,635
2024$2,252 per active participant
2023$2,242 per active participant
2022$2,240 per active participant

Mgs Group North America, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20242
NEWPORT GROUP, INC. · Claims processing · Plan administrator$23,823
MORGAN STANLEY · Investment advisory (participants) · Investment advisory (plan)$22,500

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$46,323 · 0.08%
2023$60,219 · 0.11%
2022$72,880 · 0.12%
Same employer
Similar plansManufacturing · Wisconsin
Dlsm, Inc. WI$65.1M
Paper Machinery Corporation WI$61.6M · 0.15%
Zero Zone, Inc. WI$59.4M · 0.20%
Nelson Global Products Inc. WI$59.2M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391914405 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.