Plan Ledger DOL Form 5500 · updated monthly

Mid-West Management, Inc.401(k)

MID-WEST MANAGEMENT, INC. 401(K) PLAN · MADISON, WI · plan year 2022

Reported admin expense ratio · 2022
0.60%

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

Mid-West Management, Inc. reported $27,527 in plan administrative expenses for 2022: 0.60% of average plan assets, above the peer median. Employer contributions averaged $798 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 rose from 0.60% to 0.89%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Wisconsin (1,706th of 1,936), and 1,966th of 2,199 in information & media. In 2022, employees put in $3.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,027,231
Participants with balances115
Active participants78
Employer contributions$62,223
Employee contributions$199,787
Employer contribution per active participant$798
Average account balance$35,019
Benefits paid to participants$420,326
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history2
Yearassets · accounts · employer contribution
2023$3.8M · 94 accts · $102K emplr
2022$4.0M · 115 accts · $62K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$19,808
Investment management$7,719
Total administrative$27,527
The Mid-West Management, Inc. 401(k) match · 2022
Employer contribution per active participant$798
Median for plans this size$1,114
2023$1,343 per active participant
2022$798 per active participant

Mid-West Management, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$34,859 · 0.89%
2022$27,527 · 0.60%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 391097400 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.