Plan Ledger DOL Form 5500 · updated monthly

Middough Inc.401(k)

MIDDOUGH INC. PROFIT SHARING PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Middough Inc. reported $14,099 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,121 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 0.03% to 0.02%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 469th-largest of 3,295 plans among Ohio employers on file, and the 1,957th of 11,654 in professional & technical services. In 2024, employees put in $3.60 for every $1.00 the employer contributed; active participation has shrunk from 452 to 385 since 2022.

Plan summary
Net assets, end of year$74,028,130
Participants with balances601
Active participants385
Employer contributions$1,201,751
Employee contributions$4,326,894
Employer contribution per active participant$3,121
Average account balance$123,175
Benefits paid to participants$11,541,645
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$74.0M · 601 accts · $1.2M emplr
2023$68.9M · 646 accts · $1.2M emplr
2022$59.2M · 675 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Investment management$15,082
Audit (IQPA)$9,706
Total administrative$14,099
The Middough Inc. 401(k) match · 2024
Employer contribution per active participant$3,121
Median for plans this size$3,635
2024$3,121 per active participant
2023$2,897 per active participant
2022$2,509 per active participant

Middough Inc.'s 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
COHEN & COMPANY LTD. · Accounting / audit$31,043
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$15,082
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$14,099 · 0.02%
2023$16,830 · 0.03%
2022$18,853 · 0.03%
Same employer
Similar plansProfessional & Technical Services · Ohio
Matrix Technologies, Inc. OH$80.3M · 0.20%
E-Technologies Group, Inc. OH$79.3M · 0.19%
Overdrive, Inc. OH$79.2M · 0.13%
Avaap USA, LLC OH$69.0M · 0.20%
Command Alkon Incorporated OH$68.8M · 0.16%
Graydon Head & Ritchey LLP OH$68.5M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341256631 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.