Modern Manufacturing & Engineering Inc.401(k)

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

Modern Manufacturing & Engineering Inc. reported $89,547 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,180 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 rose from 0.51% to 0.56%. 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 among the smaller plans on file in Minnesota (1,017th of 1,918), and the 6,685th of 13,661 in manufacturing. In 2024, employees put in $5.92 for every $1.00 the employer contributed; active participation has grown from 144 to 166 since 2022.