Plan Ledger DOL Form 5500 · updated monthly

Midland Container Corporation401(k)

MIDLAND CONTAINER CORPORATION CASH OR DEFERRED PS PLAN · FRANKSVILLE, WI · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Midland Container Corporation reported $48,689 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. Employer contributions averaged $2,112 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 3 years on file its reported administrative ratio has held roughly steady near 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Wisconsin (1,277th of 1,936), and 8,797th of 13,661 in manufacturing. In 2024, employees put in $2.23 for every $1.00 the employer contributed; active participation has grown from 109 to 122 since 2022.

Plan summary
Net assets, end of year$9,957,017
Participants with balances103
Active participants122
Employer contributions$257,656
Employee contributions$574,616
Employer contribution per active participant$2,112
Average account balance$96,670
Benefits paid to participants$477,460
Plan auditUnmodified (clean) audit opinion
AuditorO'NEILL & GASPARDO, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.0M · 103 accts · $258K emplr
2023$8.6M · 101 accts · $238K emplr
2022$8.6M · 105 accts · $232K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,689
Total administrative$48,689
The Midland Container Corporation 401(k) match · 2024
Employer contribution per active participant$2,112
Median for plans this size$1,313
2024$2,112 per active participant
2023$2,969 per active participant
2022$2,130 per active participant

Midland Container Corporation's 2024 employer contribution ran above the $1,313 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$47,188
RETIREMENT PLAN CONSULTANTS, INC. · Contract administrator · Other services$1,500
EMBREE FINANCIAL GROUP · Investment advisory (plan)indirect 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$48,689 · 0.53%
2023$42,142 · 0.49%
2022$47,823 · 0.51%
Similar plansManufacturing · Wisconsin
Hader Industries, Inc WI$10.2M · 0.01%
Nog, Inc. WI$10.2M · 0.33%
Burnett Dairy Co-Op WI$10.0M · 0.63%
Prestwick Group, Inc. WI$9.9M · 0.65%
Nabco Entrances, Inc. WI$9.9M · 0.46%
New Berlin Plastics, Inc. WI$9.8M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390760677 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.