Plan Ledger DOL Form 5500 · updated monthly

Midwest Hose & Specialty Inc.401(k)

MIDWEST HOSE & SPECIALTY INC. 401K PLAN · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Midwest Hose & Specialty Inc. reported $1,080 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,229 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 rose from 0.00% to 0.01%. 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 317th-largest of 724 plans among Oklahoma employers on file, and 7,204th of 13,661 in manufacturing. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 263 to 348 since 2022.

Plan summary
Net assets, end of year$14,620,762
Participants with balances224
Active participants348
Employer contributions$427,675
Employee contributions$817,009
Employer contribution per active participant$1,229
Average account balance$65,271
Benefits paid to participants$499,573
Plan auditUnmodified (clean) audit opinion
AuditorCPA OKC. PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.6M · 224 accts · $428K emplr
2023$11.7M · 212 accts · $377K emplr
2022$8.8M · 208 accts · $338K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,080
Total administrative$1,080
The Midwest Hose & Specialty Inc. 401(k) match · 2024
Employer contribution per active participant$1,229
Median for plans this size$2,416
2024$1,229 per active participant
2023$1,290 per active participant
2022$1,285 per active participant

Midwest Hose & Specialty 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 · 20241
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Participant communication$1,080

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$1,080 · 0.01%
2023$640 · 0.01%
2022$360 · 0.00%
Same employer
Similar plansManufacturing · Oklahoma
Thermal Windows, Inc. OK$15.6M · 0.01%
Evans Enterprises, Inc. OK$14.9M · 0.04%
Elmer Smith Oil Company OK$14.3M · 0.52%
Roxtec, Inc. OK$14.3M · 0.06%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 731185740 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.