Plan Ledger DOL Form 5500 · updated monthly

Mutual Materials Company401(k)

MUTUAL MATERIALS COMPANY SAVINGS PLAN · BELLEVUE, WA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Mutual Materials Company reported $8,680 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,105 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 0.027% to 0.025%. 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 460th-largest of 1,714 plans among Washington employers on file, and the 4,003rd of 13,661 in manufacturing. In 2024, employees put in $3.39 for every $1.00 the employer contributed; active participation has shrunk from 408 to 355 since 2022.

Plan summary
Net assets, end of year$35,360,287
Participants with balances476
Active participants355
Employer contributions$392,276
Employee contributions$1,328,760
Employer contribution per active participant$1,105
Average account balance$74,286
Benefits paid to participants$4,256,482
Plan auditUnmodified (clean) audit opinion
AuditorSHANNON AND ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$35.4M · 476 accts · $392K emplr
2023$34.1M · 498 accts · $634K emplr
2022$30.0M · 495 accts · $705K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,680
Total administrative$8,680
The Mutual Materials Company 401(k) match · 2024
Employer contribution per active participant$1,105
Median for plans this size$2,416
2024$1,105 per active participant
2023$1,613 per active participant
2022$1,727 per active participant

Mutual Materials Company's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$87,485

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$8,680 · 0.03%
2023$6,242 · 0.02%
2022$9,060 · 0.03%
Same employer
Similar plansManufacturing · Washington
Lynden Door, Inc. WA$38.7M · 0.09%
Travis Industries Inc WA$38.1M · 0.41%
G S Long Co Inc WA$33.7M · 0.33%
Hermetic Solutions Group WA$32.9M · 0.54%
Cascade Designs, Inc. WA$32.9M · 0.25%
Sekisui Aerospace, Inc. WA$32.4M · 0.95%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 910158750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.