Plan Ledger DOL Form 5500 · updated monthly

Micromeritics Instrument Corporation401(k)

MICROMERITICS 401(K) PLAN · NORCROSS, GA · plan year 2023

Reported admin expense ratio · 2023
0.14%

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

Micromeritics Instrument Corporation reported $32,940 in plan administrative expenses for 2023: 0.14% of average plan assets, below the peer median. Employer contributions averaged $2,000 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 1 year on file its reported administrative ratio fell from 0.26% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 763rd-largest of 2,160 plans among Georgia employers on file, and the 5,183rd of 13,661 in manufacturing. In 2023, employees put in $3.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,598,443
Participants with balances329
Active participants258
Employer contributions$515,932
Employee contributions$1,628,475
Employer contribution per active participant$2,000
Average account balance$74,767
Benefits paid to participants$5,341,177
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$24.6M · 329 accts · $516K emplr
2022$23.0M · 294 accts · $351K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$31,357
Investment management$1,583
Total administrative$32,940
The Micromeritics Instrument Corporation 401(k) match · 2023
Employer contribution per active participant$2,000
Median for plans this size$2,440
2023$2,000 per active participant
2022$1,494 per active participant

Micromeritics Instrument Corporation's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$31,357

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

Administrative cost history2
2023$32,940 · 0.14%
2022$69,117 · 0.26%
Similar plansManufacturing · Georgia
Dyma Brands, Inc. GA$25.6M · 0.47%
Kason Industries, Inc. GA$25.3M · 0.39%
Vernay Laboratories, Inc. GA$24.9M · 0.21%
Pai Industries, Inc. GA$24.4M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580909636 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.