Plan Ledger DOL Form 5500 · updated monthly

Mullet Cabinet, Inc.401(k)

MULLET CABINET, INC. 401(K) RETIREMENT PLAN · MILLERSBURG, OH · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Mullet Cabinet, Inc. reported $39,438 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $781 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 0.61%. 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 Ohio (2,319th of 3,295), and 10,243rd of 13,661 in manufacturing. In 2024, employees put in $2.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,889,648
Participants with balances180
Active participants178
Employer contributions$139,059
Employee contributions$404,596
Employer contribution per active participant$781
Average account balance$38,276
Benefits paid to participants$532,243
Plan auditUnmodified (clean) audit opinion
AuditorMOORE & NEIDENTHAL, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 180 accts · $139K emplr
2023$6.0M · 198 accts · $161K emplr
2022$4.7M · 146 accts · $145K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,843
Trustee / custodial$33,595
Total administrative$39,438
The Mullet Cabinet, Inc. 401(k) match · 2024
Employer contribution per active participant$781
Median for plans this size$1,313
2024$781 per active participant
2023$796 per active participant
2022$817 per active participant

Mullet Cabinet, Inc.'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 · 20244
COMMONWEALTH · Investment advisory (plan)$10,000
REA & ASSOCIATES, INC. · Contract administrator$9,225
EMPOWER ADVISORY GROUP · Investment management$73

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

Administrative cost history3
2024$39,438 · 0.61%
2023$29,150 · 0.54%
2022$24,057 · 0.46%
Same employer
Similar plansManufacturing · Ohio
Berlin Gardens, LLC OH$7.0M · 0.31%
Ohio Steel Industries OH$6.9M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341440886 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.