Plan Ledger DOL Form 5500 · updated monthly

Millerbernd Manufacturing Company401(k)

MILLERBERND MANUFACTURING COMPANY PROFIT SHARING PLAN · WINSTED, MN · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Millerbernd Manufacturing Company reported $114,843 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,796 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 3 years on file its reported administrative ratio has held roughly steady near 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 619th-largest of 1,918 plans among Minnesota employers on file, and the 4,030th of 13,661 in manufacturing. In 2024, employees put in $2.49 for every $1.00 the employer contributed; active participation has grown from 447 to 539 since 2022.

Plan summary
Net assets, end of year$34,943,153
Participants with balances432
Active participants539
Employer contributions$967,845
Employee contributions$2,411,362
Employer contribution per active participant$1,796
Average account balance$80,887
Benefits paid to participants$5,160,777
Plan auditUnmodified (clean) audit opinion
AuditorREDPATH & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$34.9M · 432 accts · $968K emplr
2023$32.3M · 438 accts · $858K emplr
2022$27.2M · 469 accts · $750K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$114,843
Total administrative$114,843
The Millerbernd Manufacturing Company 401(k) match · 2024
Employer contribution per active participant$1,796
Median for plans this size$2,416
2024$1,796 per active participant
2023$1,814 per active participant
2022$1,678 per active participant

Millerbernd Manufacturing Company'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 · 20243
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$28,847
MWM WEALTH ADVISORY, LLC · Investment advisory (plan)$85,136
TSC 401K · Accounting / audit$3,065

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Millerbernd Manufacturing Company before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$114,843 · 0.34%
2023$100,193 · 0.34%
2022$109,034 · 0.36%
Same employer
Similar plansManufacturing · Minnesota
Le Sueur, Incorporated MN$37.2M · 0.18%
Intricon Inc. MN$37.2M · 0.19%
Micro Control Company MN$36.0M · 0.22%
Park Industries, Inc. MN$35.5M · 0.40%
Edco Products, Incorporated MN$34.8M · 0.14%
Nuaire, Inc. MN$34.3M · 0.23%
Branding Iron Holdings MN$34.1M · 0.38%
Nordic Fiberglass, Inc. MN$33.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410648061 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.