Plan Ledger DOL Form 5500 · updated monthly

Midwest Acoust-A-Fiber, Inc.401(k)

MIDWEST ACOUST-A-FIBER, INC. 401K PROFIT SHARING PLAN & TRUST · DELAWARE, OH · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Midwest Acoust-A-Fiber, Inc. reported $22,458 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $199 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 1.00% to 0.33%. 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 Ohio (2,279th of 3,295), and 10,087th of 13,661 in manufacturing. In 2024, employees put in $5.12 for every $1.00 the employer contributed; active participation has grown from 191 to 492 since 2022.

Plan summary
Net assets, end of year$7,151,397
Participants with balances229
Active participants492
Employer contributions$97,929
Employee contributions$501,874
Employer contribution per active participant$199
Average account balance$31,229
Benefits paid to participants$946,446
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 229 accts · $98K emplr
2023$6.6M · 248 accts · $106K emplr
2022$3.7M · 155 accts · $82K emplr
The Midwest Acoust-A-Fiber, Inc. 401(k) match · 2024
Employer contribution per active participant$199
Median for plans this size$1,313
2024$199 per active participant
2023$289 per active participant
2022$431 per active participant

Midwest Acoust-A-Fiber, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20246
NATIONWIDE · Recordkeeping · Investment advisory (participants)$34,764
MGO ONE SEVEN LLC · Recordkeeping · Consulting$14,017
MGO ONE SEVEN LLC · Recordkeeping · Consulting$6,872
NATIONWIDE · Recordkeeping · Investment advisory (participants)indirect comp
MGO ONE SEVEN LLC · Investment advisory (participants) · Named fiduciary$25
MGO SECURITIES CORP · Investment advisory (participants)indirect comp

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

Recordkeeper by year2
2024MGO ONE SEVEN LLC, Nationwide
2023MGO, MOSKAL GROSS ORCHOSKY INC, Nationwide

This plan has changed recordkeepers within these filings. If you left Midwest Acoust-A-Fiber, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$22,458 · 0.33%
2023$53,242 · 1.03%
2022$38,069 · 1.00%
Same employer
Similar plansManufacturing · Ohio
Cosmo Corporation OH$7.2M · 0.04%
Sam Dong America, Inc. OH$7.2M · 0.46%
Gerbers Poultry, Inc. OH$7.1M · 0.54%
Nehemiah Manufacturing OH$7.1M · 0.56%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 310985743 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.