Plan Ledger DOL Form 5500 · updated monthly

Midwest Composite Technologies,401(k)

MIDWEST COMPOSITE TECHNOLOGIES, LLC 401(K) PROFIT SHARING PLAN · HARTLAND, WI · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Midwest Composite Technologies, reported $66,158 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $2,145 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 0.27% to 0.21%. 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 the 618th-largest of 1,936 plans among Wisconsin employers on file, and the 4,389th of 13,661 in manufacturing. In 2024, employees put in $2.07 for every $1.00 the employer contributed; active participation has shrunk from 622 to 498 since 2022.

Plan summary
Net assets, end of year$30,914,109
Participants with balances306
Active participants498
Employer contributions$1,068,015
Employee contributions$2,209,029
Employer contribution per active participant$2,145
Average account balance$101,027
Benefits paid to participants$7,712,490
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.9M · 306 accts · $1.1M emplr
2023$30.9M · 509 accts · $1.2M emplr
2022$27.0M · 541 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,158
Total administrative$66,158
The Midwest Composite Technologies, 401(k) match · 2024
Employer contribution per active participant$2,145
Median for plans this size$2,416
2024$2,145 per active participant
2023$2,157 per active participant
2022$2,032 per active participant

Midwest Composite Technologies,'s 2024 employer contribution ran below the $2,416 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 · 20241

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$66,158 · 0.21%
2023$70,508 · 0.24%
2022$59,730 · 0.27%
Same employer
Similar plansManufacturing · Wisconsin
Coating Place, Inc. WI$31.6M · 0.17%
Mullins Cheese, Inc. WI$31.4M · 0.35%
Wilo USA LLC WI$30.9M · 0.44%
Wixon Industries, Inc. WI$30.9M · 0.04%
Pflow Industries, Inc. WI$30.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391484751 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.