Plan Ledger DOL Form 5500 · updated monthly

Miami Industrial Trucks, Inc.401(k)

MIAMI INDUSTRIAL TRUCKS, INC. 401(K) PROFIT SHARING PLAN · DAYTON, OH · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Miami Industrial Trucks, Inc. reported $71,362 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,508 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 0.75% to 0.70%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Ohio (1,924th of 3,295), and 1,061st of 2,096 in real estate & leasing. In 2024, employees put in $1.44 for every $1.00 the employer contributed; active participation has grown from 129 to 177 since 2022.

Plan summary
Net assets, end of year$10,755,043
Participants with balances192
Active participants177
Employer contributions$443,978
Employee contributions$639,453
Employer contribution per active participant$2,508
Average account balance$56,016
Benefits paid to participants$866,983
Plan auditUnmodified (clean) audit opinion
AuditorKENTNER SELLERS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 192 accts · $444K emplr
2023$9.6M · 189 accts · $489K emplr
2022$8.5M · 163 accts · $459K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,629
Investment management$46,733
Total administrative$71,362
The Miami Industrial Trucks, Inc. 401(k) match · 2024
Employer contribution per active participant$2,508
Median for plans this size$2,416
2024$2,508 per active participant
2023$2,702 per active participant
2022$3,557 per active participant

Miami Industrial Trucks, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$35,216
FIFTH THIRD BANK · Investment advisory (plan)$11,517

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$71,362 · 0.70%
2023$66,927 · 0.74%
2022$71,469 · 0.75%
Same employer
Similar plansReal Estate & Leasing · Ohio
Petland, Inc. OH$10.6M · 0.35%
Chn Housing Partners OH$9.6M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310590495 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.