Plan Ledger DOL Form 5500 · updated monthly

Murata Power Solutions, Inc.401(k)

MURATA SAVINGS PLAN · WESTBOROUGH, MA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Murata Power Solutions, Inc. reported $76,653 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $5,781 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 fell from 0.36% to 0.34%. 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 1,157th-largest of 2,726 plans among Massachusetts employers on file, and the 5,265th of 13,661 in manufacturing. In 2024, employees put in $1.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,979,012
Participants with balances179
Active participants111
Employer contributions$641,694
Employee contributions$1,143,701
Employer contribution per active participant$5,781
Average account balance$133,961
Benefits paid to participants$2,313,414
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.0M · 179 accts · $642K emplr
2023$21.6M · 176 accts · $573K emplr
2022$19.1M · 177 accts · $500K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,645
Investment management$29,008
Audit (IQPA)$16,000
Total administrative$76,653
The Murata Power Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$5,781
Median for plans this size$2,416
2024$5,781 per active participant
2023$5,114 per active participant
2022$4,947 per active participant

Murata Power Solutions, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$31,645
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$21,863
PFK O'CONNOR DAVIES, LLP · Accounting / audit$16,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$7,145

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$76,653 · 0.34%
2023$54,385 · 0.27%
2022$74,165 · 0.36%
Same employer
Similar plansManufacturing · Massachusetts
Kirkwood Holdings, Inc. MA$25.6M · 0.10%
Hyde Group, Inc. MA$24.8M · 0.33%
Candlewick Press, Inc. MA$23.9M · 0.45%
Replimune Inc MA$23.6M · 0.69%
Triton Systems , Inc. MA$23.6M · 0.46%
Brox Industries, Inc. MA$23.4M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042967926 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.