Plan Ledger DOL Form 5500 · updated monthly

Miltope Corporation Fka Vt Miltope401(k)

MILTOPE CORPORATION FKA VT MILTOPE 401(K) PLAN · HOPE HULL, AL · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Miltope Corporation Fka Vt Miltope reported $1,326 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,169 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 0.012% to 0.011%. 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 378th-largest of 902 plans among Alabama employers on file, and 7,513th of 13,661 in manufacturing. In 2024, employees put in $2.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,633,293
Participants with balances98
Active participants86
Employer contributions$186,569
Employee contributions$482,769
Employer contribution per active participant$2,169
Average account balance$139,115
Benefits paid to participants$799,207
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.6M · 98 accts · $187K emplr
2023$11.5M · 101 accts · $165K emplr
2022$11.3M · 111 accts · $194K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$800
Investment management$526
Total administrative$1,326
The Miltope Corporation Fka Vt Miltope 401(k) match · 2024
Employer contribution per active participant$2,169
Median for plans this size$2,416
2024$2,169 per active participant
2023$1,875 per active participant
2022$2,254 per active participant

Miltope Corporation Fka Vt Miltope'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$800

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$1,326 · 0.01%
2023$1,587 · 0.01%
2022$1,607 · 0.01%
Same employer
Similar plansManufacturing · Alabama
Metals Solutions LLC AL$17.8M · 0.27%
Concrete Holding Co. of Al AL$17.4M · 0.51%
Qualico Steel Company, Inc. AL$16.3M · 0.24%
Cimco Refrigeration, Inc. AL$15.9M · 0.03%
Wolverine Tube, Inc. AL$13.5M · 0.78%
Baron Weather, Inc. AL$13.5M · 0.36%
Jay Industrial Repair, Inc. AL$13.3M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112354135 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.