Plan Ledger DOL Form 5500 · updated monthly

Murata Machinery USA, Inc.401(k)

MURATA MACHINERY USA, INC. 401(K) PROFIT SHARING PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Murata Machinery USA, Inc. reported $96,597 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $2,753 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 0.20% to 0.24%. 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 434th-largest of 2,005 plans among North Carolina employers on file, and the 3,576th of 13,661 in manufacturing. In 2024, employees put in $2.30 for every $1.00 the employer contributed; active participation has grown from 382 to 440 since 2022.

Plan summary
Net assets, end of year$41,783,235
Participants with balances495
Active participants440
Employer contributions$1,211,365
Employee contributions$2,783,086
Employer contribution per active participant$2,753
Average account balance$84,411
Benefits paid to participants$5,929,232
Plan auditUnmodified (clean) audit opinion
AuditorCARTER, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$41.8M · 495 accts · $1.2M emplr
2023$39.0M · 460 accts · $1.1M emplr
2022$35.6M · 456 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,597
Investment management$30,000
Total administrative$96,597
The Murata Machinery USA, Inc. 401(k) match · 2024
Employer contribution per active participant$2,753
Median for plans this size$2,416
2024$2,753 per active participant
2023$2,719 per active participant
2022$2,670 per active participant

Murata Machinery USA, Inc.'s 2024 employer contribution ran above 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$66,597
CREATIVE PLANNING · Investment advisory (plan)$30,000

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$96,597 · 0.24%
2023$84,846 · 0.23%
2022$79,078 · 0.20%
Similar plansManufacturing · North Carolina
Abx Innovative Packaging NC$43.1M · 0.19%
The Intertech Group, Inc. NC$41.2M · 0.29%
Grady-White Boats, Inc. NC$39.7M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232575678 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.