Plan Ledger DOL Form 5500 · updated monthly

Micro-Tronics, Inc.401(k)

MICRO-TRONICS, INC. PROFIT SHARING PLAN AND TRUST · TEMPE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Micro-Tronics, Inc. reported $3,031 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,473 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 0.020% to 0.022%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 454th-largest of 1,285 plans among Arizona employers on file, and 7,254th of 13,661 in manufacturing. In 2024, employees put in $1.22 for every $1.00 the employer contributed; active participation has grown from 95 to 110 since 2022.

Plan summary
Net assets, end of year$14,426,133
Participants with balances136
Active participants110
Employer contributions$382,028
Employee contributions$464,691
Employer contribution per active participant$3,473
Average account balance$106,075
Benefits paid to participants$1,376,637
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.4M · 136 accts · $382K emplr
2023$13.3M · 130 accts · $379K emplr
2022$11.5M · 123 accts · $337K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,031
Total administrative$3,031
The Micro-Tronics, Inc. 401(k) match · 2024
Employer contribution per active participant$3,473
Median for plans this size$2,416
2024$3,473 per active participant
2023$3,683 per active participant
2022$3,552 per active participant

Micro-Tronics, 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$3,031

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$3,031 · 0.02%
2023$6,580 · 0.05%
2022$2,778 · 0.02%
Same employer
Similar plansManufacturing · Arizona
Radiall USA, Inc. AZ$16.3M · 0.41%
Cafe Valley, Inc. AZ$14.6M · 0.65%
American Ad Bag AZ$13.7M · 0.52%
Interface Inc AZ$13.7M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860217558 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.