Plan Ledger DOL Form 5500 · updated monthly

Mitutoyo America Corporation401(k)

MITUTOYO AMERICA CORP. RETIREMENT PLAN · AURORA, IL · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Mitutoyo America Corporation reported $48,586 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $1,831 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 0.10% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 819th-largest of 3,702 plans among Illinois employers on file, and the 2,820th of 13,661 in manufacturing. In 2024, employees put in $4.03 for every $1.00 the employer contributed; active participation has grown from 350 to 392 since 2022.

Plan summary
Net assets, end of year$58,231,793
Participants with balances478
Active participants392
Employer contributions$717,698
Employee contributions$2,893,796
Employer contribution per active participant$1,831
Average account balance$121,824
Benefits paid to participants$2,868,114
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$58.2M · 478 accts · $718K emplr
2023$50.6M · 451 accts · $704K emplr
2022$42.0M · 423 accts · $512K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,744
Investment management$5,250
Trustee / custodial$18,569
Total administrative$48,586
The Mitutoyo America Corporation 401(k) match · 2024
Employer contribution per active participant$1,831
Median for plans this size$3,635
2024$1,831 per active participant
2023$1,888 per active participant
2022$1,464 per active participant

Mitutoyo America Corporation's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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
MILLIMAN, INC. · Recordkeeping · Loan processing$29,994
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)$18,569
CHARLES SCHWAB & CO., INC. · Custodial (securities)indirect 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
2024Milliman
2023Milliman

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Administrative cost history3
2024$48,586 · 0.09%
2023$36,945 · 0.08%
2022$44,146 · 0.10%
Same employer
Similar plansManufacturing · Illinois
Rapid Displays, Inc. IL$59.5M · 0.38%
Domino Amjet, Inc. IL$59.3M · 0.32%
Argon Medical Devices, Inc. IL$58.0M · 0.18%
Jim Beam Brands Co. IL$57.5M · 0.03%
Renishaw, Inc. IL$57.4M · 0.05%
Sara Lee Frozen Bakery, LLC IL$56.5M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131980272 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.