Plan Ledger DOL Form 5500 · updated monthly

Mikron Corp Monroe401(k)

MIKRON CORP MONROE RETIREMENT PLAN AND TRUST · ENGLEWOOD, CO · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Mikron Corp Monroe reported $9,720 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,293 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 0.02% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 429th-largest of 1,461 plans among Colorado employers on file, and the 1,591st of 4,246 in wholesale trade. In 2024, employees put in $1.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,760,396
Participants with balances334
Active participants246
Employer contributions$1,301,983
Employee contributions$1,995,008
Employer contribution per active participant$5,293
Average account balance$74,133
Benefits paid to participants$3,951,686
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.8M · 334 accts · $1.3M emplr
2023$22.2M · 374 accts · $1.2M emplr
2022$17.7M · 313 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,720
Total administrative$9,720
The Mikron Corp Monroe 401(k) match · 2024
Employer contribution per active participant$5,293
Median for plans this size$2,416
2024$5,293 per active participant
2023$4,131 per active participant
2022$4,384 per active participant

Mikron Corp Monroe's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$9,720

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$9,720 · 0.04%
2023$4,905 · 0.02%
2022$4,420 · 0.02%
Similar plansWholesale Trade · Colorado
Rio Grande Co. CO$31.4M · 0.12%
Bonakemi USA, Inc. CO$30.4M · 0.37%
Lohmiller and Company CO$25.0M · 0.65%
Solaray LLC CO$24.9M · 0.44%
Honnen Equipment Company CO$24.0M · 0.21%
Workplace Elements CO$22.2M · 0.69%
Dana Kepner Company, LLC CO$21.8M · 0.15%
Novus AG, LLC CO$20.8M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060974033 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.