Plan Ledger DOL Form 5500 · updated monthly

Midstates, Inc.401(k)

MIDSTATES, INC. 401(K) RETIREMENT PLAN AND TRUST · ABERDEEN, SD · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Midstates, Inc. reported $43,081 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $320 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 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in South Dakota (132nd of 233), and 8,608th of 13,661 in manufacturing. In 2024, employees put in $8.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,392,700
Participants with balances223
Active participants215
Employer contributions$68,904
Employee contributions$567,208
Employer contribution per active participant$320
Average account balance$46,604
Benefits paid to participants$1,333,998
Plan auditUnmodified (clean) audit opinion
AuditorLB CARLSON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 223 accts · $69K emplr
2023$9.9M · 227 accts · $114K emplr
2022$8.5M · 243 accts · $61K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,081
Total administrative$43,081
The Midstates, Inc. 401(k) match · 2024
Employer contribution per active participant$320
Median for plans this size$2,416
2024$320 per active participant
2023$467 per active participant
2022$294 per active participant

Midstates, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
NATIONWIDE · Recordkeeping · Custodial$35,373
DEFINITI LLC · Contract administrator$3,796
AMERIPRISE · Investment management$598

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Nationwide
2023Nationwide

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$43,081 · 0.43%
2023$49,308 · 0.54%
2022$42,961 · 0.44%
Same employer
Similar plansManufacturing · South Dakota
Sioux Steel Company SD$13.9M · 0.50%
Orion Food Systems, LLC SD$13.8M · 0.31%
Cimarron Label, Inc. SD$12.4M · 0.29%
Harvard Integrations, LP SD$10.6M · 0.53%
Marmen Energy Co. SD$10.1M · 0.58%
Electronic Systems Inc. SD$8.7M · 0.84%
Masaba, Inc. SD$8.6M · 0.04%
Diamond Mowers, LLC SD$8.5M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460392061 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.