Plan Ledger DOL Form 5500 · updated monthly

Milwaukee Forge, LLC401(k)

MILWAUKEE FORGE 401(K) PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Milwaukee Forge, LLC reported $36,810 in plan administrative expenses for 2024: 0.44% of average plan assets, below the peer median. Employer contributions averaged $3,372 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 0.44%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Wisconsin (1,374th of 1,936), and 9,431st of 13,661 in manufacturing. In 2024, employees put in $1.40 for every $1.00 the employer contributed; active participation has shrunk from 157 to 77 since 2022.

Plan summary
Net assets, end of year$8,530,957
Participants with balances142
Active participants77
Employer contributions$259,617
Employee contributions$364,000
Employer contribution per active participant$3,372
Average account balance$60,077
Benefits paid to participants$1,266,721
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 142 accts · $260K emplr
2023$8.1M · 180 accts · $641K emplr
2022$7.0M · 170 accts · $622K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,810
Total administrative$36,810
The Milwaukee Forge, LLC 401(k) match · 2024
Employer contribution per active participant$3,372
Median for plans this size$1,313
2024$3,372 per active participant
2023$3,704 per active participant
2022$3,960 per active participant

Milwaukee Forge, LLC's 2024 employer contribution ran above the $1,313 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping$12,618
MAP RETIREMENT, USA, LLC · Recordkeeping$4,290
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (participants)$24,192

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

Recordkeeper by year2
2024John Hancock, MAP RETIREMENT, USA, LLC
2023John Hancock, RETIREMENT PLAN ALLIANCE

This plan has changed recordkeepers within these filings. If you left Milwaukee Forge, LLC 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$36,810 · 0.44%
2023$38,443 · 0.51%
2022$35,345 · 0.46%
Same employer
Similar plansManufacturing · Wisconsin
Oshkosh Door Company WI$8.9M · 0.08%
Pioneer Products, Inc. WI$8.8M · 0.61%
Meca Solutions, LLC WI$8.7M · 0.68%
Artisans, Inc. WI$8.6M · 0.46%
Wrought Washer Mfg., Inc. WI$8.5M · 0.52%
Kirsh Foundry, Inc. WI$8.5M · 0.63%
Guy & O'Neill, Inc. WI$8.4M · 0.50%
Fair Oaks Foods, LLC WI$8.4M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271867572 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.