Plan Ledger DOL Form 5500 · updated monthly

Motorad of America Inc401(k)

MOTORAD OF AMERICA 401(K) PLAN · MOUNT CARMEL, IL · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Motorad of America Inc reported $3,614 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,249 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 0.16% to 0.07%. 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 Illinois (2,849th of 3,702), and 10,750th of 13,661 in manufacturing. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has grown from 145 to 178 since 2022.

Plan summary
Net assets, end of year$5,875,184
Participants with balances169
Active participants178
Employer contributions$400,399
Employee contributions$635,099
Employer contribution per active participant$2,249
Average account balance$34,764
Benefits paid to participants$621,044
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 169 accts · $400K emplr
2023$4.8M · 153 accts · $323K emplr
2022$3.5M · 153 accts · $332K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,479
Investment management$1,135
Total administrative$3,614
The Motorad of America Inc 401(k) match · 2024
Employer contribution per active participant$2,249
Median for plans this size$1,313
2024$2,249 per active participant
2023$1,955 per active participant
2022$2,290 per active participant

Motorad of America Inc's 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024$3,614 · 0.07%
2023$3,645 · 0.09%
2022$5,722 · 0.16%
Similar plansManufacturing · Illinois
Orion Industries, LTD. IL$6.0M · 0.52%
Pepsi Midamerica IL$5.9M · 0.15%
Headly Manufacturing Co. IL$5.9M · 0.53%
Opto International, Inc. IL$5.9M · 0.04%
Plibrico Company LLC IL$5.8M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264407617 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.