Plan Ledger DOL Form 5500 · updated monthly

Microprecision, LLC401(k)

MICROPRECISION LLC 401(K) PROFIT SHARING PLAN · DELAVAN, WI · plan year 2023

Reported admin expense ratio · 2023
0.50%

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

Microprecision, LLC reported $42,960 in plan administrative expenses for 2023: 0.50% of average plan assets, below the peer median. Employer contributions averaged $2,788 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 0.72% to 0.36%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Wisconsin (1,312th of 1,936), and 9,082nd of 13,661 in manufacturing. In 2023, employees put in $1.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,335,317
Participants with balances0
Active participants109
Employer contributions$303,886
Employee contributions$510,784
Employer contribution per active participant$2,788
Average account balance—
Benefits paid to participants$856,433
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.8M · 99 accts · $274K emplr
2023$9.3M · $304K emplr
2022$7.9M · 125 accts · $323K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$42,960
Total administrative$42,960
The Microprecision, LLC 401(k) match · 2023
Employer contribution per active participant$2,788
Median for plans this size$1,308
2024$2,858 per active participant
2023$2,788 per active participant
2022$2,668 per active participant

Microprecision, LLC's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. 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 · 20234
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$21,563
NATIONWIDE$18,025
PEAK RETIREMENT GROUP · Contract administrator$2,991
PENTEGRA SERVICES INC · Contract administrator$345

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$30,508 · 0.36%
2023$42,960 · 0.50%
2022$61,630 · 0.72%
Similar plansManufacturing · Wisconsin
Yunker Industries, Inc. WI$9.4M · 0.60%
Furlani Foods LLC WI$9.4M · 0.07%
M-B Companies, Inc. WI$9.3M · 0.59%
Vets Plus, Inc. WI$9.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391266212 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.