Plan Ledger DOL Form 5500 · updated monthly

Mpi Engineered Technologies, LLC401(k)

MPI ENGINEERED TECHNOLOGIES, LLC 401(K) PROFIT SHARING PLAN & TRUST · VALPARAISO, IN · plan year 2024

Reported admin expense ratio · 2024
1.66%

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

Mpi Engineered Technologies, LLC reported $133,910 in plan administrative expenses for 2024: 1.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $998 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 0.46% to 1.66%. 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 Indiana (973rd of 1,562), and 9,546th of 13,661 in manufacturing. In 2024, employees put in $2.84 for every $1.00 the employer contributed; active participation has shrunk from 360 to 207 since 2022.

Plan summary
Net assets, end of year$8,280,800
Participants with balances638
Active participants207
Employer contributions$206,657
Employee contributions$586,501
Employer contribution per active participant$998
Average account balance$12,979
Benefits paid to participants$2,297,118
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 638 accts · $207K emplr
2023$7.9M · 613 accts · $193K emplr
2022$7.0M · 512 accts · $314K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$133,910
Total administrative$133,910
The Mpi Engineered Technologies, LLC 401(k) match · 2024
Employer contribution per active participant$998
Median for plans this size$1,313
2024$998 per active participant
2023$721 per active participant
2022$872 per active participant

Mpi Engineered Technologies, LLC's 2024 employer contribution ran below 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.

Service providers · 20243
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$108,334
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$1,135
GLOBAL RETIREMENT PARTNERS, LLC · Investment advisory (plan)$24,441

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$133,910 · 1.66%
2023$12,523 · 0.17%
2022$33,218 · 0.46%
All plans at this employer2
MPI ENGINEERED TECHNOLOGIES, LLC 401(K) PROFIT SHARING PLAN & TRUST401(k)
MPI ENGINEERED TECHNOLOGIES LLC USW INDIANA 401(K) PROFIT SHARING PLAN & TRUST401(k)
Same employer
Similar plansManufacturing · Indiana
Sullivan-Palatek, Inc. IN$8.4M · 0.35%
Girtz Industries Inc IN$8.4M · 0.65%
Hardingpoorman, Inc. IN$8.2M · 0.53%
Priority Plastics Inc. IN$8.2M · 0.30%
The Mursix Corporation IN$8.1M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843879993 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.