Plan Ledger DOL Form 5500 · updated monthly

Missoula Laundry & Dry Cleaners Co. Missoula Textiles401(k)

HMN 401(K) PLAN · MISSOULA, MT · plan year 2022

Reported admin expense ratio · 2022
0.88%

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

Missoula Laundry & Dry Cleaners Co. Missoula Textiles reported $55,619 in plan administrative expenses for 2022: 0.88% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,191 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Montana (163rd of 229), and 2,161st of 3,341 in other services. In 2022, employees put in $2.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,954,744
Participants with balances72
Active participants90
Employer contributions$107,228
Employee contributions$310,734
Employer contribution per active participant$1,191
Average account balance$82,705
Benefits paid to participants$166,725
Plan auditUnmodified (clean) audit opinion
AuditorBOYLE, DEVENEY, & MEYER PC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$55,619
Total administrative$55,619
The Missoula Laundry & Dry Cleaners Co. Missoula Textiles 401(k) match · 2022
Employer contribution per active participant$1,191
Median for plans this size$1,114

Missoula Laundry & Dry Cleaners Co. Missoula Textiles's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$55,619 · 0.88%
Similar plansOther Services · Montana
Montana Health Network MT$53.1M · 0.53%
Nwestco LLC MT$8.0M · 0.54%
Headwaters Salons, LLC MT$3.4M · 1.42%
Bsw, Inc. MT$3.2M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810229594 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.