Plan Ledger DOL Form 5500 · updated monthly

Murphy Company401(k)

MURPHY COMPANY 401(K) RETIREMENT PLAN · EUGENE, OR · plan year 2024

Reported admin expense ratio · 2024
1.10%

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

Murphy Company reported $357,737 in plan administrative expenses for 2024: 1.10% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,759 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 0.85% to 1.10%. 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 252nd-largest of 1,021 plans among Oregon employers on file, and the 4,048th of 13,661 in manufacturing. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$34,700,023
Participants with balances1,165
Active participants880
Employer contributions$1,547,591
Employee contributions$2,672,374
Employer contribution per active participant$1,759
Average account balance$29,785
Benefits paid to participants$2,814,396
Plan auditUnmodified (clean) audit opinion
AuditorKERNUTT STOKES
Plan history3
Yearassets · accounts · employer contribution
2024$34.7M · 1,165 accts · $1.5M emplr
2023$30.6M · 1,143 accts · $1.9M emplr
2022$25.7M · 1,118 accts · $963K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$173,762
Total administrative$357,737
The Murphy Company 401(k) match · 2024
Employer contribution per active participant$1,759
Median for plans this size$2,416
2024$1,759 per active participant
2023$2,229 per active participant
2022$1,141 per active participant

Murphy Company'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 · 20241
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$173,762

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$357,737 · 1.10%
2023$193,346 · 0.69%
2022$232,892 · 0.85%
Same employer
Similar plansManufacturing · Oregon
Gunderson Marine, LLC OR$35.7M · 0.14%
Rodda Paint Co. OR$35.2M · 0.09%
Dwfritz Automation LLC OR$34.8M · 0.17%
Deschutes Brewery, Inc. OR$31.5M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930939018 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.