Plan Ledger DOL Form 5500 · updated monthly

Morton Drug Company401(k)

MORTON DRUG COMPANY EMPLOYEES PROFIT SHARING PLAN · NEENAH, WI · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Morton Drug Company reported $71,927 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,575 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 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Wisconsin (999th of 1,936), and the 1,789th of 5,215 in retail trade. In 2024, employees put in $2.66 for every $1.00 the employer contributed; active participation has grown from 146 to 161 since 2022.

Plan summary
Net assets, end of year$16,220,525
Participants with balances160
Active participants161
Employer contributions$253,605
Employee contributions$674,845
Employer contribution per active participant$1,575
Average account balance$101,378
Benefits paid to participants$1,741,002
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 160 accts · $254K emplr
2023$14.9M · 152 accts · $256K emplr
2022$13.7M · 138 accts · $233K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,975
Investment management$69,952
Total administrative$71,927
The Morton Drug Company 401(k) match · 2024
Employer contribution per active participant$1,575
Median for plans this size$2,416
2024$1,575 per active participant
2023$1,563 per active participant
2022$1,599 per active participant

Morton Drug Company's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ASSOCIATED TRUST COMPANY, N.A. · Recordkeeping · Pension consulting$71,927

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

Recordkeeper by year2
2024ASSOCIATED TRUST COMPANY, N.A.
2023ASSOCIATED TRUST COMPANY, N.A.

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$71,927 · 0.46%
2023$66,154 · 0.46%
2022$71,017 · 0.47%
Similar plansRetail Trade · Wisconsin
Fox Brothers Piggly Wiggly WI$17.0M · 0.02%
Stein Garden Centers, Inc. WI$16.8M · 0.55%
Wg&R Furniture Co., Inc. WI$16.7M · 0.50%
Grand Appliance Co., Inc. WI$16.6M · 0.65%
T.A. Solberg Co., Inc. WI$14.8M · 0.54%
Schierl Inc. WI$14.8M · 0.96%
Smart Motors, Inc. WI$14.4M · 0.84%
International Autos, Inc. WI$14.4M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390486552 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.