Plan Ledger DOL Form 5500 · updated monthly

Multisource Manufacturing LLC401(k)

MULTISOURCE MANUFACTURING LLC SAVINGS PLAN · MINNETONKA, MN · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Multisource Manufacturing LLC reported $61,143 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $1,704 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 0.29% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 904th-largest of 1,918 plans among Minnesota employers on file, and the 6,000th of 13,661 in manufacturing. In 2024, employees put in $3.14 for every $1.00 the employer contributed; active participation has shrunk from 347 to 252 since 2022.

Plan summary
Net assets, end of year$19,616,079
Participants with balances308
Active participants252
Employer contributions$429,295
Employee contributions$1,348,228
Employer contribution per active participant$1,704
Average account balance$63,689
Benefits paid to participants$2,570,547
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.6M · 308 accts · $429K emplr
2023$18.1M · 362 accts · $505K emplr
2022$16.2M · 382 accts · $527K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,143
Total administrative$61,143
The Multisource Manufacturing LLC 401(k) match · 2024
Employer contribution per active participant$1,704
Median for plans this size$2,416
2024$1,704 per active participant
2023$1,603 per active participant
2022$1,518 per active participant

Multisource Manufacturing LLC'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$61,143
UBS FINANCIAL SERVICES INC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$61,143 · 0.32%
2023$53,596 · 0.31%
2022$52,678 · 0.29%
Similar plansManufacturing · Minnesota
Kannegiesser Etech, Inc. MN$20.1M · 0.42%
Dci, Inc. MN$20.1M · 0.03%
Carley Foundry, Inc. MN$19.9M · 0.36%
Trystar, LLC MN$19.8M · 0.05%
Everidge, Inc. MN$19.2M · 0.68%
H2O Innovation USA, Inc. MN$18.6M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411924018 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.