Plan Ledger DOL Form 5500 · updated monthly

Mollertech, LLC401(k)

MOLLERTECH, LLC 401(K) PROFIT SHARING PLAN · MACOMB, MI · plan year 2024

Reported admin expense ratio · 2024
1.25%

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

Mollertech, LLC reported $77,920 in plan administrative expenses for 2024: 1.25% of average plan assets, higher than ~90% of peers. Employer contributions averaged $473 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 1.55% to 1.25%. 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 Michigan (1,834th of 2,619), and 10,386th of 13,661 in manufacturing. In 2024, employees put in $3.53 for every $1.00 the employer contributed; active participation has shrunk from 493 to 440 since 2022.

Plan summary
Net assets, end of year$6,587,237
Participants with balances240
Active participants440
Employer contributions$208,205
Employee contributions$734,002
Employer contribution per active participant$473
Average account balance$27,447
Benefits paid to participants$888,253
Plan auditUnmodified (clean) audit opinion
AuditorJASON F. CLAUSEN P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 240 accts · $208K emplr
2023$5.9M · 251 accts · $230K emplr
2022$4.6M · 270 accts · $261K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,192
Investment management$29,728
Total administrative$77,920
The Mollertech, LLC 401(k) match · 2024
Employer contribution per active participant$473
Median for plans this size$1,313
2024$473 per active participant
2023$482 per active participant
2022$529 per active participant

Mollertech, LLC's 2024 employer contribution ran below the $1,313 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$48,192
RESOURCES INVESTMENT ADVISORS, INC. · Recordkeeping · Trustee$29,728

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

Recordkeeper by year2
2024ADP, RESOURCES INVESTMENT ADVISORS, INC.
2023ADP, RESOURCES INVESTMENT ADVISORS, INC.

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Administrative cost history3
2024$77,920 · 1.25%
2023$70,910 · 1.36%
2022$73,149 · 1.55%
Same employer
Similar plansManufacturing · Michigan
Ihc LLC MI$6.7M · 0.27%
Flow-Rite Controls, LTD. MI$6.7M · 0.74%
Lyon Gear & Machine, Inc. MI$6.6M · 0.85%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522119622 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.