Plan Ledger DOL Form 5500 · updated monthly

Mid-State Group Inc.401(k)

MID-STATE GROUP INC. SAVINGS & RETIREMENT PLAN · SHAWNEE MISSION, KS · plan year 2023

Reported admin expense ratio · 2023
0.43%

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

Mid-State Group Inc. reported $105,398 in plan administrative expenses for 2023: 0.43% of average plan assets, above the peer median. Employer contributions averaged $1,252 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 has held roughly steady near 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 244th-largest of 828 plans among Kansas employers on file, and the 1,510th of 4,246 in wholesale trade. In 2023, employees put in $5.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,236,238
Participants with balances188
Active participants154
Employer contributions$192,774
Employee contributions$1,093,553
Employer contribution per active participant$1,252
Average account balance$139,554
Benefits paid to participants$2,968,258
Plan auditUnmodified (clean) audit opinion
AuditorVRAKAS ADVISORS
Plan history2
Yearassets · accounts · employer contribution
2023$26.2M · 188 accts · $193K emplr
2022$23.1M · 190 accts · $205K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$105,398
Total administrative$105,398
The Mid-State Group Inc. 401(k) match · 2023
Employer contribution per active participant$1,252
Median for plans this size$2,440
2023$1,252 per active participant
2022$1,339 per active participant

Mid-State Group Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 · 20233
NATIONWIDE · Recordkeeping$3,105
TFB ADVISORS,LLC$97,290
TAX FAVORED BENEFITS, INC. · Contract administrator$6,075

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$105,398 · 0.43%
2022$94,143 · 0.42%
Same employer
Similar plansWholesale Trade · Kansas
Ibt, Inc. KS$44.1M · 0.25%
Kanequip, Inc. KS$33.2M · 0.03%
Hyspeco, Inc. KS$26.0M
Essense of Australia, Inc. KS$25.4M · 0.14%
John a. Marshall Company KS$23.5M · 0.54%
Agrex Inc. KS$21.7M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391661482 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.