Plan Ledger DOL Form 5500 · updated monthly

Midwest Products and Engineering, Inc.401(k)

MIDWEST PRODUCTS AND ENGINEERING, INC. 401(K) SAVINGS PLAN · MILWAUKEE, WI · 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 Products and Engineering, Inc. reported $63,209 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $2,218 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 0.52% to 0.33%. 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 873rd-largest of 1,936 plans among Wisconsin employers on file, and the 6,034th of 13,661 in manufacturing. In 2024, employees put in $1.96 for every $1.00 the employer contributed; active participation has grown from 155 to 235 since 2022.

Plan summary
Net assets, end of year$19,475,851
Participants with balances321
Active participants235
Employer contributions$521,301
Employee contributions$1,022,137
Employer contribution per active participant$2,218
Average account balance$60,672
Benefits paid to participants$3,389,310
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.5M · 321 accts · $521K emplr
2023$18.9M · 279 accts · $537K emplr
2022$11.5M · 166 accts · $202K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,209
Total administrative$63,209
The Midwest Products and Engineering, Inc. 401(k) match · 2024
Employer contribution per active participant$2,218
Median for plans this size$2,416
2024$2,218 per active participant
2023$2,158 per active participant
2022$1,305 per active participant

Midwest Products and Engineering, Inc.'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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$26,518
ENVESTMENT RETIREMENT SOLUTIONS, LL$11,688
BLUE CHIP RETIREMENT PLANS, INC. · Contract administrator$4,575

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$63,209 · 0.33%
2023$53,459 · 0.35%
2022$63,607 · 0.52%
Same employer
Similar plansManufacturing · Wisconsin
Marine Travelift, Inc. WI$19.8M · 0.28%
Stecker Machine Co., Inc. WI$19.7M · 0.34%
A to Z Machine Co., Inc. WI$19.5M · 0.30%
Winsert LLC WI$19.5M · 0.10%
Stella & Chewys LLC WI$19.4M · 0.88%
Dedicated Computing LLC WI$19.4M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391345278 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.