Plan Ledger DOL Form 5500 · updated monthly

Micrometals401(k)

MICROMETALS SECURITY & RETIREMENT PLAN AND TRUST · ANAHEIM, CA · plan year 2023

Employer contribution per participant · 2023
$1,660

Micrometals's 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $17,516,471 across 109 participant accounts, with employer contributions averaging $1,660 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 2 years on file its reported administrative ratio fell from 0.08% to 0.05%. 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 3,977th-largest of 9,483 plans among California employers on file, and the 6,451st of 13,661 in manufacturing. In 2023, employees put in $2.58 for every $1.00 the employer contributed; active participation has shrunk from 130 to 112 since 2022.

Plan summary
Net assets, end of year$17,516,471
Participants with balances109
Active participants112
Employer contributions$185,919
Employee contributions$479,601
Employer contribution per active participant$1,660
Average account balance$160,702
Benefits paid to participants$1,030,853
Plan auditUnmodified (clean) audit opinion
AuditorLYNN JANZEN
Plan history3
Yearassets · accounts · employer contribution
2024$16.8M · 105 accts · $142K emplr
2023$17.5M · 109 accts · $186K emplr
2022$15.3M · 112 accts · $232K emplr
Administrative expenses, itemized · 2023
Investment management$2,742
Total administrative-$2,246
The Micrometals 401(k) match · 2023
Employer contribution per active participant$1,660
Median for plans this size$2,440
2024$1,125 per active participant
2023$1,660 per active participant
2022$1,783 per active participant

Micrometals'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.

Service providers · 20231
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$8,694 · 0.05%
2023Not separately reported
2022$14,408 · 0.08%
Same employer
Similar plansManufacturing · California
Think Surgical, Inc. CA$17.8M · 0.17%
Targus International LLC CA$17.6M · 0.33%
Gritstone Bio, Inc. CA$17.5M · 0.49%
Dongalen Enterprises, Inc. CA$17.5M · 0.76%
Wilwood Engineering CA$17.5M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952505280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.