Plan Ledger DOL Form 5500 · updated monthly

Midwestern Pet Food, Inc.401(k)

MIDWESTERN PET FOOD, INC., 401(K) PROFIT SHARING PLAN · EVANSVILLE, IN · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Midwestern Pet Food, Inc. reported $54,553 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,086 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 0.37% to 0.34%. 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 635th-largest of 1,562 plans among Indiana employers on file, and the 6,470th of 13,661 in manufacturing. In 2024, employees put in $2.23 for every $1.00 the employer contributed; active participation has grown from 355 to 488 since 2022.

Plan summary
Net assets, end of year$17,428,189
Participants with balances210
Active participants488
Employer contributions$530,088
Employee contributions$1,182,649
Employer contribution per active participant$1,086
Average account balance$82,991
Benefits paid to participants$856,023
Plan auditUnmodified (clean) audit opinion
AuditorHARDING, SHYMANSKI, & CO., PC
Plan history3
Yearassets · accounts · employer contribution
2024$17.4M · 210 accts · $530K emplr
2023$14.6M · 195 accts · $493K emplr
2022$12.1M · 197 accts · $468K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,553
Investment management$17,500
Total administrative$54,553
The Midwestern Pet Food, Inc. 401(k) match · 2024
Employer contribution per active participant$1,086
Median for plans this size$2,416
2024$1,086 per active participant
2023$1,460 per active participant
2022$1,320 per active participant

Midwestern Pet Food, 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 · 20242
GERMAN AMERICAN FIN ADV AND TR CO · Investment advisory (plan)$17,500

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$54,553 · 0.34%
2023$48,170 · 0.36%
2022$48,890 · 0.37%
Same employer
Similar plansManufacturing · Indiana
Winamac Coil Spring, Inc. IN$17.8M · 0.35%
Kulzer, LLC IN$17.7M · 0.06%
Roche Operations, LTD IN$17.7M · 0.04%
Msi Express, Inc. IN$17.4M · 0.42%
Press-Seal Corporation IN$17.4M · 0.03%
Blairex Laboratories, Inc. IN$17.3M · 0.05%
Pyromation, Inc. IN$16.9M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351058442 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.