Plan Ledger DOL Form 5500 · updated monthly

Milk Products Holdingsnorth Am401(k)

MPH SAVINGS AND RETIREMENT PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Milk Products Holdingsnorth Am reported $39,517 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $5,264 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 0.20% to 0.24%. 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 1,831st-largest of 3,702 plans among Illinois employers on file, and the 6,444th of 13,661 in manufacturing. In 2024, employees put in $2.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,549,751
Participants with balances105
Active participants69
Employer contributions$363,216
Employee contributions$808,698
Employer contribution per active participant$5,264
Average account balance$167,140
Benefits paid to participants$1,885,614
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.5M · 105 accts · $363K emplr
2023$15.4M · 115 accts · $361K emplr
2022$14.2M · 118 accts · $319K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,126
Investment management$38,391
Total administrative$39,517
The Milk Products Holdingsnorth Am 401(k) match · 2024
Employer contribution per active participant$5,264
Median for plans this size$2,416
2024$5,264 per active participant
2023$5,392 per active participant
2022$4,376 per active participant

Milk Products Holdingsnorth Am'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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$38,391
ADP, INC. · Loan processing · Recordkeeping$1,125
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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Administrative cost history3
2024$39,517 · 0.24%
2023$30,018 · 0.20%
2022$30,208 · 0.20%
Similar plansManufacturing · Illinois
Potomac Corporation IL$18.0M · 0.31%
The Republic of Tea, Inc. IL$17.9M · 0.10%
Banner Service Corporation IL$17.4M · 0.42%
Lake Cable, LLC IL$17.4M · 0.14%
Cornell Forge Company IL$17.3M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943077780 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.